PLAIN & SIMPLE: If you are due a tax refund and your tax return includes the Earned Income Tax Credit (EITC) and/or the Additional Child Tax Credit (ACTC), then you will not receive your refund until on, or after, February 15, 2017.
According to the IRS, this action is driven by the Protecting Americans from Tax Hikes Act of 2015 (PATH Act) that was enacted Dec. 18, 2015, and made several changes to the tax law to benefit taxpayers and their families. Section 201 of this new law mandates that no credit or refund for an overpayment for a taxable year shall be made to a taxpayer before Feb. 15 if the taxpayer claimed the Earned Income Tax Credit or Additional Child Tax Credit on the return.
Key points to take away from the IRS’s announcement are:
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