Did you claim the Earned Income Tax Credit and/or the Additional Child Tax Credit? We did. And that’s exactly why our tax refund won’t arrive until late February this year.
For the last ten years, we’ve filed as early as possible and we’ve appreciated receiving our refund within just a few weeks via direct deposit. Not this year!
When I checked the IRS website today, I noticed a very unhappy announcement.
According to the Protecting Americans from Tax Hikes (PATH) Act, the IRS cannot issue EITC and ACTC refunds before February 15. The IRS expects the earliest EITC/ACTC related refunds to be available in taxpayer bank accounts or debit cards on February 27, 2019, if these taxpayers chose direct deposit and there are no other issues with their tax return.
The new law that causes EITC and ACTC refunds to be held does not allow the IRS to issue partial refunds. If you claimed these credits, your entire refund is on hold until they begin processing refunds. If the IRS has any questions about your return, you’ll be waiting even longer.