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Those Claiming the EITC or ACTC in 2016 May Have Their Refund Delayed

June 27, 2016

Starting in 2017, the 2016 tax filing year, the IRS will be required to hold refunds which resulted from taking the Earned Income Tax Credit or the Additional Child Tax Credit.  Taxpayers can expect to have their returns accepted and processed beginning Feb. 15th.

This is the latest move by the IRS and congress in an effort to reduce the number of fraudulently filed tax returns and identity theft. The amount of time the IRS needs to process the returns should not be impacted and most will receive their refund around 21 days after the return is accepted.

Please call the front office at 541.388.7888 if you have any questions or concerns.

 

   

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