TREAS 310 TAX REF is a code you may see on your bank statement. It’s usually a direct deposit of a refund from the IRS.
Who is TREAS 310 TAX REF?
TREAS is short for Department of the Treasury which is who you pay taxes to or get a refund from.
310 is simply an internal code the IRS uses to indicate refunds.
TAX is for tax and REF is short for reference.
You may also see IRS Treas 310 which is an alternative way banks may code refunds from the IRS or Department of the Treasury.
In some cases, you may see additional letters or numbers. These might be dates, reference numbers, or abbreviations for the tax issue you’re getting a refund for.
Why did I get an unexpected tax refund?
Normally, you see TREAS 310 TAX REF when you file a tax return for a refund.
In some cases, you may have overpaid your taxes or the IRS caught an error that means you got a refund you weren’t expecting. The IRS will usually send a letter or notice explaining, but it may not arrive before your refund does.
The IRS also sent direct deposit refunds for:
- Stimulus payments
- Advanced child tax credits
- Refunds of unemployment taxes paid when waived during the COVID-19 pandemic
What if I still don’t know what the refund is for?
If you still don’t recognize the refund, you may want to check your online IRS account. You should be able to find the refund amount on your tax transcript.
It’s very rare to get someone else’s refund. However, if this happens, you’re responsible for returning the money. If you spend it and can’t pay it back, you may face civil or criminal consequences.
Another thing to be aware of is that scammers sometimes send you small deposits just like how some banks do to confirm that you own an account at another bank. If the deposit doesn’t bounce back, they’ll then try to withdraw a larger amount from your account. Scammers can fake the code on a direct deposit, so you should contact the IRS if you don’t recognize a refund.
What if my refund amount is wrong?
If your refund amount is wrong, you can check your online IRS account to see if they made any adjustments.
If the IRS made adjustments, they should have sent you a notice or letter explaining why. If you didn’t receive one, call the IRS.
If you disagree with the changes to your refund, you’ll need to follow the instructions for disputing your specific notice.