The IRS simply takes the extra time to confirm that everyone who claimed the credit could rightfully do so. The hold is not a result of mistakes or problems with your return.

This hold on your refund may get in the way of your budgeting, but there is nothing to be nervous about. For 2018, the first refunds (if you claimed the EITC or ACTC) aren’t available in taxpayer bank accounts until Feb. President’s Day and bank processing times can slow down your refund further. 15 to issue a refund to taxpayers who claimed either of those credits. According to the law, the IRS has to wait until Feb. If you file early and claim the earned income tax credit (EITC) or the additional child tax credit (ACTC), you will have to wait a bit for a refund. Reason for Delay: You Claim Certain Credits This is a good thing to keep in mind if you are hoping to use your refund to pay something early in the year. So the earliest date you could possibly expect to get a refund is about midway through February. The earliest you could file a 2017 tax return is Jan. One tangential thing to remember is that the IRS does not accept tax returns before a certain date. The IRS also maintains a Where’s My Refund? tool. Get an idea for when your refund will arrive with this 2018 tax refund schedule. If you elect to receive your refund as a paper check, you will then need to wait for your check to go through the mail.

If you file a paper return, the IRS says you can expect refund processing to take six to eight weeks. This three-week prediction only applies to e-filed tax returns. That means you should prepare to wait three weeks, from when the IRS accepts your return, to receive a refund. Some refunds could take as little as 14 days. How Long It Takes the IRS to Process a Tax Refundįor 2017 tax returns (what you file by April 2018), the IRS has said it plans to issue 90% of refunds within 21 days. Let’s look at common reasons for a tax refund delay and how you may be able to prevent it. That means a delayed refund can cause problems for some.

Many people even count on a refund to help them pay down debt or cover bills early in the year. In January 2018, the IRS (Internal Revenue Service) revealed that more than 70% of tax filers are expected to receive refunds after filing their federal income tax returns. Tax season can be stressful but the saving grace is that many tax filers will receive a refund.

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