Tax Season Start Date
The IRS announced that the 2017 tax season begins on January 23, but taxpayers claiming the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC) for 2016 will not have their refund issued…..
Refunds for Returns with EITC or ACTC Delayed
The PATH Act of 2015 requires the IRS to hold refunds claiming the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC) until February 15. The IRS must hold the entire refund even the portion not associated with the EITC and ACTC until at least February 15. The IRS cautions that these refunds likely won’t arrive in bank accounts or debit cards until the week of February 27 if there are no processing issues with the tax return and the taxpayer chose direct deposit.
Filing Deadline is April 18
The filing deadline to submit 2016 tax returns is Tuesday, April 18. This date is due to April 15 falling on a Saturday and the following Monday being Emancipation Day, a legal holiday in the District of Columbia.
