On irs.gov it states my refund has a code 1242, what does this mean? (2024)

On irs.gov it states my refund has a code 1242, what does this mean? (1)

kevinsammymolina

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‎June 1, 201912:14 AM

last updated‎June 01, 201912:14 AM

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15 Replies

On irs.gov it states my refund has a code 1242, what does this mean? (3)

jasondearmond10

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On irs.gov it states my refund has a code 1242, what does this mean?

1242 –Electronic return received more than 3 weeks ago; –E Freeze; in review, notice for additional information will be received.Should receive a letter from the IRS within 30 days requesting what additional info they need.

Personal experience:I got DDD of 23rd but roommate code 1242. Did some research and that means FREEZE received return more than 3 weeks ago and now need additional info which is proof of dependent EIC credit. He has claimed his 2 children for the last 3 years since birth and they have his last name. Always files Head of household because girlfriend doesnt work. Never had a problem before. Major delay. Extremely upset. Should receive a letter from the IRS within 30 days requestingwhat additional info they need. More than likely proof that he can claim the children.

‎June 1, 201912:14 AM

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On irs.gov it states my refund has a code 1242, what does this mean? (4)

wandagriffin63

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On irs.gov it states my refund has a code 1242, what does this mean?

@jasondearmond10 you're correct

‎June 1, 201912:14 AM

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On irs.gov it states my refund has a code 1242, what does this mean? (5)

annelms

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On irs.gov it states my refund has a code 1242, what does this mean?

Did he ever get his full refund?

‎June 1, 201912:14 AM

On irs.gov it states my refund has a code 1242, what does this mean? (6)

sexyboyonfire

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On irs.gov it states my refund has a code 1242, what does this mean?

What have send in

‎June 1, 201912:14 AM

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On irs.gov it states my refund has a code 1242, what does this mean? (7)

dhinchy30

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On irs.gov it states my refund has a code 1242, what does this mean?

I had same code, after 50 days I received a letter requesting proof that my kids lived with me even though my wife and I have been married in same address filing together same kids since birth. Sent the required info in it took them another 30 days to say they are reviewing it! I filed on feb 5 it’s now May 14th still waiting on refund .

Just received notice in mail they are reviewing and will notify us by 10/2018

Total crap

‎June 1, 201912:14 AM

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On irs.gov it states my refund has a code 1242, what does this mean? (8)

jb5

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On irs.gov it states my refund has a code 1242, what does this mean?

Same exact thing for us.

‎June 1, 201912:14 AM

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On irs.gov it states my refund has a code 1242, what does this mean? (9)

sexyboyonfire

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On irs.gov it states my refund has a code 1242, what does this mean?

What you got send in

‎June 1, 201912:14 AM

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On irs.gov it states my refund has a code 1242, what does this mean? (10)

Stacey6997

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On irs.gov it states my refund has a code 1242, what does this mean?

I went to the irs .

gov and it

said 1242 to one of my

dependent which one and what

do I need

to

‎April 3, 20215:59 AM

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On irs.gov it states my refund has a code 1242, what does this mean? (11)

SForrestLO

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On irs.gov it states my refund has a code 1242, what does this mean?

@Stacey6997

You can contact the IRS for assistance.

How do I contact the Internal Revenue Service (IRS)?

**Say "Thanks" by clicking the thumb icon in a post
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‎April 3, 20219:07 AM

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On irs.gov it states my refund has a code 1242, what does this mean? (12)

Pennywahl

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On irs.gov it states my refund has a code 1242, what does this mean?

I have received a code 1242. Ok so what does this mean??

And I thought that I was insured for stuff like this...

Is TurboTax gonna step in and help me give them what they want?¿??

‎May 7, 20221:26 PM

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On irs.gov it states my refund has a code 1242, what does this mean? (13)

On irs.gov it states my refund has a code 1242, what does this mean? (14)macuser_22

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On irs.gov it states my refund has a code 1242, what does this mean?

@Pennywahlwrote:

I have received a code 1242. Ok so what does this mean??

And I thought that I was insured for stuff like this...

Is TurboTax gonna step in and help me give them what they want?¿??

As stated in an prior post in this thread the 1242 means they are going to need something from you like proof of a birth certificate on a dependent or foster care papers etc.. The IRS will send letter requesting what they want.

TurboTax cannot help - only you can provide the documents that they want.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

‎May 7, 20221:36 PM

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On irs.gov it states my refund has a code 1242, what does this mean? (15)

dhbsd66

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On irs.gov it states my refund has a code 1242, what does this mean?

It's 2022 and exact problem both kids since birth and never a issue claiming now have to prove my children are mine and oldest is 17 so time frame is same and audit defense doesn't speed up process told October 23 filed in Feb

‎September 5, 20223:25 PM

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On irs.gov it states my refund has a code 1242, what does this mean? (16)

Critter-3

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On irs.gov it states my refund has a code 1242, what does this mean?

The IRS does random audits and you were a lucky winner of one ... simply comply with the information requesteds ASAP since your return will be frozen until you do.

‎September 5, 20224:05 PM

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On irs.gov it states my refund has a code 1242, what does this mean? (17)

Christopher Kelley

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On irs.gov it states my refund has a code 1242, what does this mean?

I have two tax returns one from 2020 one from 2021 the one from 2021 I claim rebate recovery tax and I ended up on 172 the second tax return that I have is for 2021 and my return is $26,000 I have the code 151- 1242 and they say that it is frozen I don't know why they took my 2020 returns and offset it doesn't even tell me what it was offset for in addition to that my 2021 return it's just Frozen and I'm not getting any information as to why it just says that I owe but I don't owe anything so who do I call am I being audited or what's going on

‎October 5, 20223:35 PM

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FAQs

On irs.gov it states my refund has a code 1242, what does this mean? ›

On irs.gov it states my refund has a code 1242, what does this mean? 1242 – Electronic return received more than 3 weeks ago; –E Freeze; in review, notice for additional information will be received. Should receive a letter from the IRS within 30 days requesting what additional info they need.

What is the 1242 refund status? ›

IRS Reference Number 1242 is a code the IRS uses to notify you that your return has been selected for review. Your return will remain frozen in the IRS's system until the review process is complete.

What is the reference number 1242 after verifying identity? ›

Often paired with Tax Topic 151, reference code 1242 means that the IRS has selected your return for further review. This code applies to returns that have been e-filed at least three weeks ago. The code indicates that the IRS has frozen your return for review, and the agency will send you a notice later.

Why is my tax return being reviewed? ›

The most common reason for the IRS to review a tax return is something called the Discriminant Function System (or DIF) score. The IRS uses a computerized scoring model that evaluates your return and gives it a score based on the likelihood that it will need to be changed.

Does tax topic 151 mean I'm not getting my refund? ›

It serves as an initial alert that the IRS is in the process of reviewing your tax return. It's important to note that this letter is not an audit notification. Instead, it informs you that your tax refund may be affected due to any outstanding debts you owe, or other factors identified by the IRS.

How long can the IRS hold your refund for review? ›

If the IRS is reviewing your return, the review process could take anywhere from 45 to 180 days, depending on the number and types of issues the IRS is reviewing.

What's the offset number for IRS? ›

Not all debts are subject to a tax refund offset. To determine whether an offset will occur on a debt owed (other than federal tax), contact BFS's TOP call center at 800-304-3107 (800-877-8339 for TTY/TDD help).

How long does it take for refund to be approved after verifying identity? ›

After you verify your identity and tax return information using this service, it may take up to nine weeks to complete the processing of the return. Visit Where's My Refund? or use the IRS2Go mobile app 2-3 weeks after using this service to check your refund status.

Is tax topic 151 an audit? ›

The first Tax Topic 151 letter you will receive is simply a courtesy notification. The IRS is letting you know that it is reviewing your tax return and that your refund might be affected due to outstanding debts that you owe.

What is the letter the IRS sent to verify identity? ›

When the IRS is questioning whether a return is legitimate, it will send taxpayers a letter asking them to authenticate their identity, and it will not process their return and issue their refund until the taxpayer responds to the letter and completes the authentication process.

How do I know if my tax return has been flagged? ›

Taxpayers whose tax returns have been flagged for possible IDT should receive one of the following letters: Letter 5071C, Potential Identity Theft during Original Processing with Online Option – Provides online and phone options and is issued most widely.

What does the IRS look for to approve your refund? ›

Approval of the refund

They'll check your income reports, verify the deductions and credits you've claimed, and ensure everything aligns with the tax laws.

What triggers an IRS review? ›

Unreported income

The IRS receives copies of your W-2s and 1099s, and their systems automatically compare this data to the amounts you report on your tax return. A discrepancy, such as a 1099 that isn't reported on your return, could trigger further review.

What does 1242 tax code mean? ›

IRS Reference Number 1242 is a code the IRS uses to notify you that your return has been selected for review. Your return will remain frozen in the IRS's system until the review process is complete.

What does tax topic 151 and reference 1242 mean in TurboTax? ›

Ive read around and the 151 means its being reviewed still and that you may owe something weather it be a student loan a traffic ticket etc.... The 1242 means they are going to need something from you like proof of a birth certificate on a dependent or foster care papers etc... They should send you a letter explaining.

What is Topic 151 refund information 2024? ›

Tax Topic 151 means your tax return is now under review by the IRS. The agency either needs to verify certain credits or dependents, or it has determined that your tax refund will be reduced to pay money that it believes you owe.

What does 810 refund freeze mean? ›

A Transaction Code (TC) 810 or TC 570 indicates a stopped/frozen refund. TC 810 or TC 570 is used by Exam or Automated Questionable Credit (AQC) if a taxpayer's return is under review or the previous review is not closed.

Does tax topic 152 mean refund soon? ›

One of the most common is Tax Topic 152, indicating you're likely getting a refund but it hasn't been approved or sent yet. The notice simply links out to an informational topic page on the IRS FAQ website explaining the types and timing of tax refunds.

What is the status processed with refund due? ›

If your ITR is processed but refund is not issued, it will show status 'Processed with refund due'. It normally takes 20 to 45 days after the ITR processing to receive the refund amount.

References

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