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hello hows everybody doing today today I want to talk about IRS tax account transcripts transaction code 846 refund issued the tax transcript code 846 is the tax transcript code that everybody is looking for this is the tax code that you want to see on your tax transcript if you have this code showing you know that youre about to be getting the tax refund on the date listed on the line what is a tax transcript code 846 tax transfer code 846 indicates refund issued meaning that the IRS has finished processing your tax return and approved a refund on your tax return the amount shown on the line will detail your refund amount if the amount does not match the amount you claimed on your tax return you will need to wait for an explanation letter from the IRS about the differences the amount shown on the transcript will also include any interest the IRS owes you on your tax refund the tax refund is calculated as your total tax liability less any credits on your account for federal income t