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 Be careful not to count on getting a refund by a certain date, especially when making major purchases or paying other financial obligations. You don’t need to wait until Feb. 15 to file your tax return. While the IRS must hold the refund until Feb. 15, it will begin taking the steps it normally does to process your tax return once the filing season starts. File a complete and accurate return and include all known refundable credits with your original return. Check Where’s My Refund on IRS.gov or the IRS mobile app, IRS2Go, after February 15 for your personalized refund status.

Here’s how to participate in the IRS “Get Ready” Thunderclap:

1. Follow this link: http://thndr.me/6BUhKJ 

2. Click on “Support with” and choose Facebook, Twitter or Tumbler
3. Authorize Thunderclap to post this one-time message to your social media platform by clicking on the “Add My Support” tab. You will need to input your social media username and password.