As the IRS begins releasing refunds for taxpayers who claimed the Earned Income Tax Credit and the Additional Child Tax Credit, the tax agency reminded us that you should not expect your refunds to be available in bank accounts or on debit cards until the week of Feb. 27.
Many of these refunds had been held since the filing season started in late January due to new requirements of the 2015 Protecting Americans from Tax Hikes (PATH) Act.
The IRS reminds taxpayers that the most common question taxpayers have about the status of their refund can easily be answered on IRS.gov by visiting the “Where’s My Refund?” tool.
“Where’s My Refund?” will be updated Feb. 18 for the vast majority of early filers who claimed the Earned Income Tax Credit and the Additional Child Tax Credit.
Before Feb. 18, some taxpayers may see a projected date or a message that indicates the IRS is processing their return.
The IRS added that taxpayers should keep in mind that “Where’s My Refund?” is only updated once daily, usually overnight, so there’s no need to check it multiple times per day.
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