IRS Confirms That Previously Delayed Tax Refunds Should Be Arriving Soon

Shutterstock Looking for your tax refund? The Internal Revenue Service (IRS) has announced that tax refunds for taxpayers who claimed the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC) should begin arriving in bank accounts or on debit cards this week. That assumes that taxpayers e-filed and opted to use direct deposit and that there are no other issues with the tax return. Remember that by law, the Internal Revenue Service (IRS) must wait until February 15 to begin issuing refunds to taxpayers who claimed the earned-income tax credit (EITC) or the additional child tax credit (ACTC). In addition to normal processing times for banks, factoring in weekends and the President’s Day holiday, the IRS had expected the earliest EITC/ACTC-related refunds to be available in taxpayer bank accounts or on debit cards starting on February 27, 2018. The announcement confirms that to be the case. To check on the status of your tax refund, use the…

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