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If i chose the 5 days faster selection. Will the path act delay or hinder the selection?

If that date.of March 3 is true, tell me why every previous year I’ve had my deposit between Feb 20. The past 4 years. And you’re calling yourself a tax professional?

If i chose the 5 days faster selection. Will the path act delay or hinder the selection?

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From your own link, it says BY March 3. Not that they hold funds and don’t deposit them “until” March 3. Just loud and consistently wrong.

If i chose the 5 days faster selection. Will the path act delay or hinder the selection?

Funds are released after February 15th when PATH ends, not March 3rd! People will start to see deposits on the 18th (small batch). Then a big batch of Deposits around the 21st- 22nd 

If i chose the 5 days faster selection. Will the path act delay or hinder the selection?

Funds will be released after February 15th when PATH ends. As long as your refund is correct, I guarantee you will have it before March. If you have the PATH MESSAGE when you check WHERE'S MY REFUND, then you're only waiting for it to end.

smithkjnc
New Member

If i chose the 5 days faster selection. Will the path act delay or hinder the selection?

So I just got the path statement on my wmr.   Feb 14th.   So does that mean I'll have to wait until they remove the statement before I'll get my refund? 

 

MonikaK1
Employee Tax Expert

If i chose the 5 days faster selection. Will the path act delay or hinder the selection?

Under the federal Protecting Americans from Tax Hikes (PATH) Act, the IRS cannot issue Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) refunds before mid-February. Where's My Refund? should show an updated status by February 22 for most early EITC/ACTC filers. 

 

The IRS expects most EITC/ACTC related refunds to be available in taxpayer bank accounts or on debit cards by March 3 if they chose direct deposit and there are no other issues with their tax return.

 

@smithkjnc 

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If i chose the 5 days faster selection. Will the path act delay or hinder the selection?

Yes it states clearly by the 3rd. However, they lift it on what was supposed to be the 17th but the 17th is president day so it will be lifted on the 18th... but by the 3rd is when most people should start receiving their money 

If i chose the 5 days faster selection. Will the path act delay or hinder the selection?

I've had Path multiple times and they only hold the refund until mid-February. I've got it as early as the 24 without paying for 5 days early.

If i chose the 5 days faster selection. Will the path act delay or hinder the selection?

The 5 days early option was canceled by the IRS you will receive refund if you paid for the service 

BrittanyS
Employee Tax Expert

If i chose the 5 days faster selection. Will the path act delay or hinder the selection?

In order to deliver your refund to you early, the IRS needs to communicate your refund amount and expected refund delivery date to TurboTax, often referred to as the refund settlement date or the date you would have received the refund had you received it directly from the IRS. Unfortunately, TurboTax did not receive the information when expected, and it impacted our ability to provide the Up to 5 Days Early service to some customers.   Customers who did not receive their refund up to 5 days early will receive their refund on the date they would have received it had it been sent to them directly from the IRS. The Up to 5 days Early service does not delay the delivery of the refund.

Other reasons you may not have received your refund up to 5 days early include:

  • If the IRS offsets your refund, reducing your refund to less than the minimum amount for Up to 5 Days Early. More information about refund offsets can be found here.
  • Some banks do not accept Real Time Payment (RTP) or Same Day ACH transfers. Check to see if your bank accepts these.
  • Some banks put a limit on the size of transfers they are able to process. If your refund exceeds your bank's maximum threshold, we will be unable to deliver your refund up to 5 days early. 

Since we were unable to successfully deliver your refund early, you were not charged for the Up to 5 Days Early service and your refund will be deposited in your bank account by the date you would have received the refund had you received it directly from the IRS. 

 

@shawnab969 

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