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June 1, 2019
Question

If u dont get the earned income credit what th earliest irs will start paying refunds

  • June 1, 2019
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What's the earliest that IRS is going start sending refunds out

1 reply

Employee
June 1, 2019

Approximately 90% of tax payers will receive their refunds in less than 21 days from the day their tax return was accepted by the IRS. Most people receive their refund in an average of 10-14 days.

Because of a new law, the IRS has to hold tax refunds that include Earned Income Tax Credit and Additional Child Tax Credit until February 15, 2017—with the week of February 27 being the earliest they expect those refunds to be available in taxpayers’ bank accounts or debit cards.

This law, Protecting Americans from Tax Hikes (PATH) Act of 2015, helps detect and prevent tax fraud, and the delay in refunds allows the IRS to make sure taxpayers are claiming the credits properly and given what they’re owed.

Most taxpayers won’t be impacted by this and the IRS expects that the majority of tax refunds (more than 9 out of 10) will be issued in 21 days or less from acceptance.

The IRS encourages taxpayers to file as soon as possible regardless of their tax prep method, or if claiming Earned Income Tax Credit or the Additional Child Tax Credit since they’ll still begin accepting and processing tax returns once they’re received.

To track your refund, go to the IRS Where’s My Refund? site and for more information please visit: https://www.irs.gov/refunds/tax-season-refund-frequently-asked-questions

or watch this video