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Is it true that if you qualify for EIC that the IRS will not even start on your return until 2/15?
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May 31, 2019
7:44 PM
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Deductions & credits
There was new legislation passed by congress that is in effect for this tax year. The IRS is required to hold any refund that includes a claim for either the Earned Income Credit (EIC or EITC) or the Additional Child Tax Credit (ACTC) until 2/15/2017. Refunds are expected to hit bank accounts the week of 2/27/2017 due to the Presidents Day holiday.
Please refer to the link below for more information.
https://www.irs.gov/individuals/refund-timing
Note: They will process the returns before 2/15, but the refunds will be held.
May 31, 2019
7:44 PM