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Level 2
posted Jan 27, 2022 9:55:32 PM

Does this mean refund is coming soon ? I have EIC , and I saw the irs wasn’t processing those type returns until 2/15

 

0 5 815
5 Replies
Level 15
Jan 27, 2022 11:39:07 PM

nope. it just showing some of the amounts reported on your return.  notice that the processing date isn't until 2/14/2022

Level 2
Jan 28, 2022 6:57:27 AM

So do you think it’ll get processed one the 14th and Maui Sunset that day then maybe? I didn’t notice that it said processing date, but I wasn’t really sure exactly what that meant, because obviously I’ve already filed and it says it was accepted

Expert Alumni
Jan 28, 2022 8:25:47 AM

EIC is covered by the PATH Act.

 

Starting on January 24, 2022, the Internal Revenue Service (IRS) officially kicked off the opening of the 2022 tax filing season and is now accepting and processing tax year 2021 e-filed tax returns.

TurboTax is also officially open and accepting e-filed returns. That means that you can file now and be first in line for your tax refund!

To get your tax refund as quickly as possible, the IRS urges people to prepare their taxes as soon as they have the information needed to file and choose e-file with direct deposit. Overall, the IRS anticipates most taxpayers will receive their refund within 21 days of acceptance when they e-file with direct deposit if there are no issues with their tax return. 

Under the Protecting Americans from Tax Hikes (PATH) Act, signed into law in December 2015, the IRS cannot issue refunds that include Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) before mid-February.

 

The PATH Act, which applies to all tax preparation methods, is intended to help detect and prevent tax fraud. The extended refund release also gives the IRS more time to ensure taxpayers are properly claiming the credits, so they get the refund they are owed.

 

If you have questions about the processing of your tax refund, the IRS “Where’s My Refund?” page is the best place to get personalized refund information when you need it.

 

For more information on the PATH Act and other tax laws, check back here with the TurboTax blog

Level 2
Jan 30, 2022 11:11:32 AM

I did notice that but was confused because I thought accepted meant it’s processed 

Level 15
Jan 30, 2022 11:13:58 AM

Accepted just means the IRS accepted it FOR processing.  They just verified some basic info and know it's from you.   Then they Approve it.   Approved is a later step.