Code 341: restricted interest abatement.
From IRS Document 6209, the IRS's processing codes manual.
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Document 6209 says
Credit. Used on individual (IMF) accounts.
Restricted Interest Abatement
The full Document 6209 entry, as printed
Credit (NPJ) I/B Restricted Interest Abatement 47, 54 Abates a previously posted TC 190, 196, 340 or 336 in whole or in part. CAUTION: After posting, interest cannot be assessed or abated by computer for the applicable Tax Module and assessed interest thereafter must be computed manually and input with a TC 340 or 341.
After code 341
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Questions people ask
What does code 341 mean on my IRS transcript?
Document 6209 calls it "Restricted Interest Abatement".
Sources
Checked against these sources on October 30, 2026.