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dbsjr62
New Member

I was hearing that the IRS will not process ANY tax returns until after February 25th, 2017. Is this true? I was thinking I would have mine in the 3 weeks as promised.

 
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Bsch4477
Level 15

I was hearing that the IRS will not process ANY tax returns until after February 25th, 2017. Is this true? I was thinking I would have mine in the 3 weeks as promised.

Only returns with refundable credits will be held up for refunds.

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4 Replies
Bsch4477
Level 15

I was hearing that the IRS will not process ANY tax returns until after February 25th, 2017. Is this true? I was thinking I would have mine in the 3 weeks as promised.

Only returns with refundable credits will be held up for refunds.

Carl
Level 15

I was hearing that the IRS will not process ANY tax returns until after February 25th, 2017. Is this true? I was thinking I would have mine in the 3 weeks as promised.

Actually, "delayed" is the more correct term instead of held up. Those returns will be scrutinized more closely before any refund due is actually released by the IRS.
dbsjr62
New Member

I was hearing that the IRS will not process ANY tax returns until after February 25th, 2017. Is this true? I was thinking I would have mine in the 3 weeks as promised.

For give me, just so I understand when you mean credits is it the same as getting a refund from both federal and state? I have a refund coming back to me for to much taxes with held.
macuser_22
Level 15

I was hearing that the IRS will not process ANY tax returns until after February 25th, 2017. Is this true? I was thinking I would have mine in the 3 weeks as promised.

Beginning in 2017, if you claim the EITC or ACTC on your tax return, the IRS must hold your refund until Feb. 15. This new law requires the IRS to hold the entire refund

<a rel="nofollow" target="_blank" href="https://www.irs.gov/individuals/refund-timing">https://www.irs.gov/individuals/refund-timing</a>
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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