Tax season is underway, and many taxpayers are eagerly awaiting updates about their refunds. If you’re claiming the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC), it’s essential to understand how the IRS “Where’s My Refund” tool operates under the Protecting Americans from Tax Hikes (PATH) Act. Why Are EITC and…
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…
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 Protecting Americans from Tax Hikes (PATH) Act was created in order to protect taxpayers and their families against fraud and permanently extend many expiring tax laws. The law, which was enacted on December 18, 2015, first impacted tax returns filed starting in 2017 and will continue to impact all future tax returns until the…
The IRS’s “Where’s My Refund?” tool will be updated by February 18, 2023, for many taxpayers who claimed the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC). Before February 15, some taxpayers may see a PATH ACT Disclaimer message or an intermittent message (Being Processed) informing them that the IRS is…
The IRS’s “Where’s My Refund?” tool will be updated by February 19, 2022, for many taxpayers who claimed the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC). Before February 15, some taxpayers may see a PATH ACT Disclaimer message or an intermittent message (Being Processed) informing you that the IRS is…
The Protecting Americans from Tax Hikes (PATH) Act was created in order to protect taxpayers and their families against fraud and permanently extend many expiring tax laws. The law, which was enacted December 18, 2015, first impacted tax returns filed starting in 2017 and will continue to impact all future tax returns until the law…
The Protecting Americans from Tax Hikes (PATH) Act was created in order to protect taxpayers and their families against fraud and permanently extend many expiring tax laws. The law, which was enacted December 18, 2015, first impacted tax returns filed in 2017 and will continue to impact returns until the law is overturned or changed.…
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…
The Protecting Americans from Tax Hikes (PATH) Act was created in order to protect taxpayers and their families against fraud and permanently extend many expiring tax laws. The law, which was enacted December 18, 2015, first impacted tax returns filed in 2017 and will continue to impact returns until the law is overturned or changed.…
