Take Steps Now for Tax Filing Season
What You Need to Know
- Expecting a refund? Some Refunds must be held until Feb. 15
- According to a new tax law change, the IRS cannot issue refunds before Feb. 15 for tax returns that claim the Earned Income Tax Credit or the Additional Child Tax Credit.
- This applies to the entire refund, even the portion not associated with these credits.
- The IRS will begin to release EITC/ACTC refunds starting Feb. 15. However, the IRS cautions taxpayers that these refunds likely won’t arrive in bank accounts or debit cards until the week of February 27. Read more about refund timing for early EITC/ACTC filers.
What You Need to Do
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Here’s how to participate in the IRS “Get Ready” Thunderclap:
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