Refunds Delayed

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Refunds Delayed

Refunds Delayed
Even so, taxpayers can still
get their refunds sooner by choosing direct deposit. The IRS will begin
releasing these refunds on Feb. 15, but taxpayers should not expect to
see them deposited into their bank accounts until the week of Feb. 27 –
assuming there are no processing issues with the tax return.
Where’s My Refund? ‎on IRS.gov
and the IRS2Go mobile app will be updated with projected deposit dates
for early EITC / ACTC refund filers a few days after Feb. 15.
ew law requires the IRS to hold refunds from
returns claiming the EITC and the Additional Child Tax Credit (ACTC)
until Feb. 15. By law, the IRS must hold the entire refund — even the
portion not associated with EITC or ACTC. This change helps ensure
taxpayers receive the refund they are owed by giving the agency more
time to help detect and prevent fraud.

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Accounting & Tax Services