The IRS’s “Where’s My Refund?” tool will be updated by February 17, 2024, for many taxpayers who claimed the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC). Before February 17, some taxpayers may see a PATH ACT Disclaimer message or an intermittent message (Being Processed) informing them that the IRS is…
Category Archives: PATH ACT
IRS PATH ACT
Taxpayers who claim the Earned Income Tax Credit or the Additional Child Tax Credit may experience a refund hold. According to the Protecting Americans from Tax Hikes (PATH) Act, the IRS cannot issue these refunds before mid-February. The IRS expects the first EITC/ACTC-related refunds to be available in taxpayer bank accounts or on debit cards…
The PATH Act: What It Is and How It Affects Your Taxes
Nearly every taxpayer with dependent children could be impacted by the PATH Act at some point. In addition to other tax-related provisions, the PATH act affects two extremely common tax credits: the Earned Income Tax Credit and the Additional Child Tax Credit. Here’s what every taxpayer should know about the PATH Act: What is the…