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Welcome to the YouTube channel where the IRS has updated tax transcripts, displaying the processing date known as the cycle code. This code indicates when your return will be posted to the IRS master file, giving insight into when to expect a tax refund. The cycle code format may be misunderstood, with the year, week, and day represented. A code ending in 05 signifies weekly updates. The direct deposit date can also be found in tax transcripts before the "Where's My Refund" page updates, through the IRS code 846 showing the refund amount.