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Does paying from my refund hold up my refund deposit into my account

 
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Michelena
New Member

Does paying from my refund hold up my refund deposit into my account

No it does not. However if you are experiencing a delay in getting your return, the following may be why.

The PATH Act of 2015, approved by Congress, requires us to hold the refund for tax returns that include the EITC or ACTC until Feb. 15. We cannot send refunds before then. However, the IRS cautions that your refund likely won’t arrive in your bank account or debit card until the week of February 27, if there are no processing issues with the tax return and you chose direct deposit.


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2 Replies
Michelena
New Member

Does paying from my refund hold up my refund deposit into my account

No it does not. However if you are experiencing a delay in getting your return, the following may be why.

The PATH Act of 2015, approved by Congress, requires us to hold the refund for tax returns that include the EITC or ACTC until Feb. 15. We cannot send refunds before then. However, the IRS cautions that your refund likely won’t arrive in your bank account or debit card until the week of February 27, if there are no processing issues with the tax return and you chose direct deposit.


Does paying from my refund hold up my refund deposit into my account

“Where’s My Refund?” Begins Updating Feb. 16 for EITC and ACTC Filers

By law, the IRS must hold Earned Income Tax Credit or the Additional Child Tax Credit refunds until Feb. 15. Taxpayers will begin to see refunds claiming EITC/ACTC the week of Feb. 27. “Where’s My Refund?” will update for EITC/ACTC refunds beginning Feb. 16, with the vast majority updating by Feb. 18.

https://www.irs.gov/uac/newsroom/avoid-the-rush-use-irsgov-for-quick-answers-to-questions

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