Is it true that all returns that have the EIC credit are being held until Feb 15th? if so, does that mean to not look for my refund until the end of February?
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New Member

Is it true that all returns that have the EIC credit are being held until Feb 15th? if so, does that mean to not look for my refund until the end of February?

 
3 Replies
Alumni

Is it true that all returns that have the EIC credit are being held until Feb 15th? if so, does that mean to not look for my refund until the end of February?

https://www.irs.gov/uac/2017-tax-filing-season-begins-jan-23-for-nations-taxpayers-with-tax-returns-...


If you claim the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) on your tax return, the IRS must hold your refund until February 15. This new law requires the IRS to hold the entire refund — even the portion not associated with EITC or ACTC. This change helps ensure that you receive the refund you are owed by giving the agency more time to help detect and prevent fraud.
New Member

Is it true that all returns that have the EIC credit are being held until Feb 15th? if so, does that mean to not look for my refund until the end of February?

I think that this is ridiculous. I have claimed the same dependents for 6 years. There should be no reason for them to hold my return. And they say it's to protect me??? I don't see how this is protecting me. Pain in the a** if you ask me.

Employee Tax Expert

Is it true that all returns that have the EIC credit are being held until Feb 15th? if so, does that mean to not look for my refund until the end of February?

The IRS is expected to release a historic amount of refunds in the middle of this coming week.  

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