theincometaxoffice-blog

[theincometaxoffice-blog]

Are you counting on your tax refund to pay off your holiday shopping debt?

Why your tax refund may be delayed in 2018

Individuals who expect to received the Earned Income Tax Credit (EITC) and/or the Additional Child Tax Credit (ACTC) will experience tax refund delays due to the Protecting Americans Against Tax Hikes Act of 2015 (PATH Act). Continue reading to see when you can expect your tax refund.

Possible Refund Delay for Some Early Filers:

The PATH Act mandates that the IRS not issue a refund on tax returns claiming the Earned Income Tax Credit or Additional Child Tax Credit until after Feb. 15. The additional time helps the IRS stop fraudulent refunds from being issued to identity thieves and fraudulent claims with fabricated wages and withholdings.

If you are affected:

Expect to receive your refund late February, early March

Make sure you receive all your tax forms before you file

There may be Tax Refund advance products to help financially until the IRS releases you refund

How we can help:

Provide you with a no obligation free estimate of your tax refund

Offer financial products and advance with no upfront cost to you

Expert tax preparation at an affordable price (Virtual appointments available)

Visit The Income Tax Office to schedule you free tax consultation.

Daniella Adams

Tax Accountant