CrossLink Tax Resource Center

Tax Resource Center
  • CALL US
  • SUBSCRIBE TO CROSSLINK NEWS
  • FOLLOW US
  • CALL US

  • SUBSCRIBE TO CROSSLINK NEWS

  • FOLLOW US

Reminder of the Federal Refund Delay for Upcoming 2018 Filing Season


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.

Recent Tax Updates

2018 Depreciation Changes
October 18, 2018

2018 Tax Law Changes that are Directly Reported on Form 1040
October 3, 2018

IRS Tax Transcripts Changes
September 27, 2018

Revised 2018 Schedule A due to Tax Cuts and Jobs Act Changes to Itemized Deductions
August 29, 2018

2018 Expansion of Preparer Due Diligence Requirements
August 8, 2018

IRS Accepting Renewal Applications for ITINs Expiring at End of 2018
July 25, 2018

Additional Updates
© 2018 CrossLink Professional Tax Solutions
PUTTING CUSTOMERS FIRST SINCE 1974
PUTTING CUSTOMERS FIRST SINCE 1974