The IRS’s “Where’s My Refund?” tool will be updated on February 18 for many taxpayers who claimed the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC). Before February 18, some taxpayers may see a projected deposit date or an intermittent message (Being Processed) that the IRS is processing their return. Early filers claiming the EITC/ACTC may experience delayed refunds because of the Protecting Americans from Tax Hikes Act of 2015 (PATH) Act.
The PATH Act generally requires that no credit or refund for an overpayment for a tax year will be made to a taxpayer before the 15th day of the second month following the close of that tax year, if the taxpayer claimed the EITC or ACTC on the return. This provision in the PATH Act applies to credits or refunds made after December 31, 2016.
Many taxpayers claiming these credits traditionally file during the opening weeks of tax season and seek early refunds, the IRS has reported. However, the IRS has cautioned that the affected refunds likely will not arrive in the bank accounts or debit cards of taxpayers until the week of February 27, if there are no processing issues with the return and the taxpayer selected direct deposit.
IRS put this message in a special email yesterday to tax professionals:
By law, the IRS is required to hold EITC and ACTC refunds until Feb. 15. However, taxpayers may not see those refunds until the week of Feb. 27. Due to differing timeframes with financial institutions, weekends and the Presidents Day holiday, these refunds likely will not start arriving in bank accounts or on debit cards until the week of Feb. 27 — if there are no processing issues with the tax return and the taxpayer chose direct deposit.
The IRS is giving itself a little more wiggle room by noting that run-of-the-mill tax return and refund processing issues could push the refund delivery date even further.
IRS suggests that you check its“Where’s My Refund?” Updates After Feb. 18 for Most EITC and ACTC Filers
Also, don’t bother a real IRS representative with questions about when you might get your refund.
We’re entering the busiest time for the IRS, which means its free telephone assistance hotline is generally jammed with folks seeking help to file their returns.
The IRS phone representatives do not have additional information on refund dates beyond what taxpayers have access to on “Where’s My Refund?” So don’t call the general help line unless you’re directed to do so by the refund tool.