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rhndnrmn
New Member

Is the IRS excepting returns if you are claiming Eic

Early returns
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SweetieJean
Level 15

Is the IRS excepting returns if you are claiming Eic

The IRS reminds taxpayers that, by law, the IRS cannot issue refunds claiming the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC) before mid-February. While the IRS will process those returns when received, it cannot issue related refunds before mid-February. The IRS expects the earliest EITC/ACTC related refunds to be available in taxpayer bank accounts or on debit cards starting on Feb. 27, 2018, if they chose direct deposit and there are no other issues with the tax return. 

https://www.irs.gov/newsroom/2018-tax-filing-season-begins-jan-29-tax-returns-due-april-17-help-avai...

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SweetieJean
Level 15

Is the IRS excepting returns if you are claiming Eic

The IRS reminds taxpayers that, by law, the IRS cannot issue refunds claiming the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC) before mid-February. While the IRS will process those returns when received, it cannot issue related refunds before mid-February. The IRS expects the earliest EITC/ACTC related refunds to be available in taxpayer bank accounts or on debit cards starting on Feb. 27, 2018, if they chose direct deposit and there are no other issues with the tax return. 

https://www.irs.gov/newsroom/2018-tax-filing-season-begins-jan-29-tax-returns-due-april-17-help-avai...

TomK
New Member

Is the IRS excepting returns if you are claiming Eic

The IRS will not begin accepting tax returns until 1/29/18.  You can still prepare your return in TurboTax now, but you will not be able to file it until the IRS begins accepting them (it will remain securely on our server until then). 

Please note that the estimated 21-day period to receive a refund is calculated from the date that the e-file is successfully submitted to the IRS – and not necessarily from the date the customer submits their return in TurboTax

The IRS will hold all 2017 tax returns that have a tax refund which includes EIC and/or the Additional Child Tax Credit until mid-February.  They will release the tax refunds in late February if there are no errors on the tax return.

Note: The IRS starts processing stockpiled returns on January 29, 2018. A few returns will be processed up to a week before this date for testing purposes.  If your return is among those that the IRS processes early as part of its testing, your tax refund (if any) won't be processed until after January 29.

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