Some refunds delayed this tax season
New this year, federal tax refunds will take longer for those receiving the Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) due to a new law.
The IRS will begin processing refunds for those getting these credits starting Feb. 15 and cautions that they won't likely appear in bank accounts until the week of Feb. 27 due to processing times. This is an extra measure to prevent against fraud and identity theft.
Prepare + Prosper reminds you that no one can speed up your federal refund so don’t pay someone who promises they will. Use a free tax preparation site and continue to file your taxes as planned.