Tax Refund Delay in 2017

Another Tax Refund Delay Coming for Low Income Taxpayers

Another tax refund delayThe infamous PATH Act of 2015, known as Protecting Americans from Tax Hikes, contains a provision that will delay a tax refund for certain taxpayers. This provision is effective with 2016 returns filed in 2017, and includes those returns that claim either the EITC (earned income tax credit) or the additional child tax credit.

The new law states that no tax refund will be issued that contains a claim for either of these refundable tax credits, before February 15, 2017, and forward, and thus another tax refund delay.

View full post…

Read More... Please comment