Why Do I Have “IRS TREAS 310” on My Bank Statement? (2024)

Many people are curious about what “IRS TREAS 310” means when they see it pop up in their bank account transactions.

In today’s post, I’ll explain what IRS TREAS 310 and similar codes mean and what you should do if you find this code on your bank statement.

What does “IRS TREAS 310” mean?

When looking through your bank account transactions, you may see “IRS TREAS 310” OR “IRS TREAS 310 TAX REF.” These are payment codes used by the U.S. Department of the Treasury to identify payments or refunds initiated by the Internal Revenue Service (IRS).

You’ll see the “IRS TREAS 310” code used for banking transactions both for an individual and a business. This code is most commonly seen when your tax refund has been directly deposited into your account.

You may also see “IRS TREAS 310” associated with direct deposits for stimulus checks or other government payments related to taxes. For instance, in 2021 when many people received advanced Child Tax Credit payments, the “IRS TREAS 310” code was used.

Here’s a little cheat sheet if you’re curious about exactly what IRS TREAS 310 and similar codes mean:

If the code says…That means…
IRS Payment is related to taxes
TREAS Payment came from the U.S. Department of the Treasury (TREAS is short for Treasury)
310 Federal Reserve Bank location code assigned to the Treasury
TAX REF Payment is a tax refund
TAXEIP Payment is an Economic Impact Payment (stimulus check)
CHILDCTC Payment is for a Child Tax Credit
EFT Electronic Funds Transfer (direct deposit)

What should I do if I receive a payment with the code “IRS TREAS 310”?

First of all, if you see this code on your bank statement, it’s a good thing! This code means you’ve received a payment from the federal government. But, before you head off on a shopping spree, you should definitely check for errors.

If you weren’t expecting a tax refund or any sort of government payment, then figure out why you received this money. Unfortunately, “bank error in your favor,” does not happen in the real world, so you’ll want to make sure there wasn’t some sort of error that you’ll have to pay back later.

If you were expecting a tax refund or other IRS payment, make sure the amount you received matches the amount you were expecting based on your tax filings or other benefits. If it doesn’t match, take action immediately by contacting the IRS or an accountant who can help you sort out the discrepancy.

Is “IRS TREAS 310” a scam?

I know that it seems you can’t trust anyone these days. Scammers are everywhere, and it’s good to be leary and always on the lookout when it comes to your finances, but in this case, you can rest assured that IRS TREAS 310 is not some sort of scam. This is the code used by the IRS and the U.S. Department of the Treasury to directly deposit money into your account (and not to take anything out!).

Should I use direct deposit for my tax refund?

Yep! The quickest way to get your tax refund is to file electronically and have your refund directly deposited into your account. The IRS assures us that this process is safe and secure.

The only problems I’ve seen are when a client accidentally closed their bank account before the direct deposit went through and when a client inadvertently provided the wrong account or routing number. In these cases, my clients have still received their refund checks by mail, but the error made the process take a couple of months longer than usual.

Additionally, if you provide the wrong account information to the IRS and your refund money is deposited into someone else’s account, the IRS can’t compel the bank or the other person to refund your money, which means it could turn into a legal battle with you footing the bill. The lesson here is to make sure you double check the banking account information you provide to your accountant and the IRS when filing your taxes.

Abridged by Amy

The “IRS TREAS 310” code simply means that you have received a tax-related direct deposit from the government. Make sure to check the amount you’ve received against your records and sound the alarm immediately with your accountant if things don’t look right.

I’ve written several other articles to help you figure out the world of tax refund codes and your tax refund status. Take a minute to see if any of these are helpful to you:

  • Check Tax Refund Status
  • Tax Topic 152: Is My Refund Delayed?
  • What Day and Time Does the IRS Deposit Refunds?
  • What Is an IRS Cycle Code?
  • What Is IRS Code 806?
  • What Does IRS Code 766 Mean?
  • What Is Code 570 and 971 on My IRS Tax Transcript?
Why Do I Have “IRS TREAS 310” on My Bank Statement? (2024)

FAQs

Why did I get a random deposit from IRS Treas 310? ›

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.

Why did I just get a deposit from SSA Treas 310 today? ›

According to CNET, 310 is a code that identifies the transaction as a refund from a filed tax return in the form of a direct deposit. You may see this transaction on your bank statement as a result of a filed tax return this year.

Why did I get a random deposit from the IRS today? ›

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.”

What is a IRS Treas 310 tax ref less than expected? ›

Sometimes, tax returns contain errors or mistakes that lead to an incorrect tax liability calculation. If you later discover that you've paid more taxes than you should have due to a filing mistake, the IRS may issue a refund to rectify the error. These refunds are typically labeled as IRS Treas 310.

Is IRS Treas 310 the stimulus? ›

What is IRS TREAS 310? The IRS Treas 310 is a signal of an ACH direct deposit refund or stimulus payment from your tax return.

Why did I get a deposit from DOEP Treas 310? ›

Explanation: When you see TREAS 310 MISC PAY on your bank statement, it means you have received a payment from the U.S. Department of Treasury. This code is often used for specific types of federal payments such as tax refunds, annuities, or support for certain federal programs.

What is SSA Treas 310 type? ›

According to my web search, SSA TREAS 310 XXSOC SEC is a code for a deposit from the Social Security Administration (SSA)1.It could be a regular payment or a special payment for retirement, disability, or other benefits2. You can call the SSA at 1-***-***-**** to confirm the details of your deposit3.

Why did I get a random deposit from Social Security today? ›

If you received extra money from Social Security this month, one possible explanation is that the payment is for the back benefits you are owed by the Social Security Disability program.

What is the phone number for Social Security Treas 310? ›

If you have any questions, call Social Security at 1-800-772-1213 (TTY 1-800-325-0778).

Why did I receive a check from the US Treasury with no explanation? ›

Find out why you received a check from the government

You can look up the authorizing agency directly and contact them to find out why they sent the payment. If you do not know which agency authorized the payment, call the Bureau of the Fiscal Service Call Center at 1-855-868-0151.

What is the IRS flag for deposits? ›

Banks must report cash deposits of more than $10,000 to the federal government. The deposit-reporting requirement is designed to combat money laundering and terrorism. Companies and other businesses generally must file an IRS Form 8300 for bank deposits exceeding $10,000.

What do I do if I get unexpected money from the IRS? ›

A. The IRS encourages taxpayers to discuss the issue with their financial institutions because they may need to close bank accounts. Taxpayers receiving erroneous refunds should also contact their tax preparers immediately. There are established procedures they should follow to return erroneous funds.

Why did I get an IRS Treas 310 today? ›

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).

What is the treasury 310 misc pay? ›

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.

Why did the IRS deposit less than expected? ›

How can we help? If your refund was less than you expected, it may have been reduced by the IRS or a Financial Management Service (FMS) to pay past-due child support, federal agency nontax debts, state income tax obligations, or unemployment compensation debts owed to a state.

What does IRS Treas 310 paid early mean? ›

The 310 code simply identifies the transaction as a refund from a filed tax return in the form of an electronic payment (direct deposit). This would also apply to those receiving an automatic adjustment on their tax return or a refund due to March legislation on tax-free unemployment benefits.

Why did I get a check from the IRS with no explanation? ›

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.

What is SSA Treas 310 XXSOC SEC deposit? ›

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.

Why did I get a check from the IRS instead of direct deposit? ›

Scenario: You omit a digit in the account or routing number of an account and the number doesn't pass the IRS's validation check. In this case, the IRS will send you a paper check for the entire refund instead of a direct deposit.

References

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