RAADICAL TAX

UPDATE ON THE REFUND DELAYS dated 2/16/17

REFUND DELAYS dated 1/23/17

EITC and ACTC Refunds Expected to Arrive the Week of Feb. 27

IR-2017-36, Feb. 16, 2017

WASHINGTON — As the IRS begins releasing refunds for taxpayers who claimed the Earned Income Tax Credit and the Additional Child Tax Credit, the tax agency reminded taxpayers that they should not expect refunds to be available in bank accounts or on debit cards until the week of Feb. 27. The additional time is due to several factors, including weekends, the Presidents Day holiday and the time banks often need to process direct deposits.

Important Announcements


The PATH Act of 2015 requires the IRS to

hold refunds on returns claiming the

Earned Income Tax Credit (EITC) and/or

the Additional Child Tax Credit (ACTC)

until February 15, 2017.  The IRS is required to hold the entire refund - even the portion not associated with the EITC and ACTC until at least February 15.