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The IRS has updated tax transcripts, allowing people to see the processing date known as the cycle code. Understanding the cycle code is crucial as it indicates when a tax refund will be posted to the IRS master file. Note that the code format, like 2022 0705, doesn't correspond to a typical date but rather signifies the week and day of the week. Additionally, having "05" at the end of the code means weekly updates. The direct deposit date can be found in the tax transcripts before the "Where's My Refund" page, typically after code 846 displays the refund amount.
