What does this mean on my bank statement? Deposit-ACH-IRS TREAS 310 IRS TREAS 310 (TAX REF) (2024)

FAQs

What does this mean on my bank statement? Deposit-ACH-IRS TREAS 310 IRS TREAS 310 (TAX REF)? ›

What's an IRS TREAS 310 bank transaction? If you receive your tax refund by direct deposit, you may see IRS TREAS 310 for the transaction. The 310 code simply identifies the transaction as a refund from a filed tax return in the form of an electronic payment (direct deposit).

Usually, 'IRS Treas 310' signifies a tax refund from your recently filed U.S. tax return. Overpaying Taxes Throughout the Year: If you withheld more tax from your paycheck (or other income sources) than you owed, you're entitled to a refund.

It could be: A refund from a filed tax return, including an amended tax return or an IRS tax adjustment to your tax account – this will show as being from the IRS (“IRS TREAS 310”) and carry the code “TAX REF.”

A: To identify a payment on the bank statement as an ACH direct deposit that was received from SSI, there should be the following posted for the specific SSI payment on the bank statement; US Treasury 310 SUPP SEC xxxxxxxxx SSI (or some similar format).

TREAS 310 payments indicate that you've received a government payment, typically from the IRS. The “TREAS” part of the code stands for “Treasury” because the IRS is a bureau of the United States Department of the Treasury.

An economic impact payment (or EIP or stimulus payment) will show as “IRS TREAS 310” and have a code of “TAXEIP3.” A refund from a filed tax return, including an amended tax return or an IRS tax adjustment, will show as “IRS TREAS 310” with a description of “TAX REF.”

What 'IRS TREAS 310' means as a bank statement transaction. If you receive your tax refund by direct deposit, you may see IRS TREAS 310 listed in the transaction. The 310 code simply identifies the transaction as a refund from a filed tax return in the form of electronic payment.

The IRS program is called direct deposit. You can use it to deposit your refund into one, two or even three accounts. Even if you don't have a checking account, there are other options available for direct deposit. Direct deposit is now also available for returns filed after their due date.

Some possible reasons for receiving a deposit from SSA TREAS 310 XXSOC SEC are:You filed a tax return and received a refund or a stimulus payment4. You are eligible for a survivor's benefit after the death of your spouse or another family member who was receiving social security5.

If you received a check or EFT (Electronic Funds Transfer) payment from Treasury and don't know why it was sent to you, the Bureau of the Fiscal Service Call Center can help. The Bureau of the Fiscal Service Call Center can be reached by calling 1-855-868-0151, Option 2.

What does dep prenotification from US Treas 310 mean? ›

It means you or a joint account owner have recently set up a direct deposit of funds being paid by the US Treasury. Prenotification, known as a “pre-note” by bankers, is a procedure by which a payor of monies verifies the ABA routing number and account number provided to them by a payee.

Have you heard about the Social Security $16,728 yearly bonus? There's really no “bonus” that retirees can collect. The Social Security Administration (SSA) uses a specific formula based on your lifetime earnings to determine your benefit amount.

Treas 310 is the code that accompanies a treasury department ACH deposit. Anyone who gets an electronic return from income tax could know that.

Have you ever been puzzled by the phrase “IRS Treas 310” on your bank statement wondering what on Earth it might mean? No worries, you're not alone. It might sound confusing, but it's just a fancy way of saying that you've received a tax refund from the IRS.

An Automated Clearing House (ACH) credit payment occurs whenever someone instructs the ACH network to “push” money from their account to someone else's. This could be an employer (often via some processing partner) pushing payroll to their employees, or a government agency pushing cash payments to eligible citizens.

CBP offers the opportunity to receive refunds, resulting from overpayment of Customs duties, taxes, and fees, electronically through Automated Clearinghouse (ACH). If you sign up for ACH Refund, your refund will automatically be deposited directly into your bank account.

SACRAMENTO, Calif. — Some people received refund checks from the IRS even though they were told they owed them money. Is it simply just a nice surprise or a mistake? One tax expert says it could be the result of an error in completing the return, so the IRS corrected it and sent a refund.

Are you currently receiving Social Security Disability or private disability insurance benefits? Whether you receive additional money from Social Security Administration in any given month could be due to circ*mstances that apply to you alone or it may represent an increase in benefits to all benefits recipients.

Why am I receiving a paper check? The IRS limits the number of direct deposit refunds to the same bank account or on the same pre-paid debit card. Also, we can't deposit any part of a tax refund to an account that doesn't belong to you.