This is a reminder that refunds will not be released again this coming filing season until February 15 for federal returns that claim the Earned Income Tax Credit (EITC) or the Additional Child Tax credit.
The IRS will begin to release the refunds on these returns starting February 15. However the IRS is cautioning everyone that these refunds most likely will not begin to be deposited until February 27, 2018. This is due to several factors, including banking and financial systems requiring time to process the deposits.
Therefore any return claiming one of these credits that is prepared in January or early February will not be deposited in the normal IRS refund timeframe.
See the IRS news release of November 7 - Get Ready for Taxes: Plan Ahead for 2018 Filing Season to Avoid Refund Delays for more information.
2019 Federal Tax Changes
April 24, 2019
When a Rental Activity Can Be Included as Qualified Business Income
March 19, 2019
Safe Harbor Rule for Autos that Claim Bonus Depreciation
February 27, 2019
2018 Federal Return and Taxpayer Expectations
January 30, 2019
Reminder of 2018 Itemized Deduction Changes
January 16, 2019
Qualified Business Income Deduction (20% Deduction for Certain Pass-Through Income)
January 9, 2019