Tax season: Refund delays for the taxpayers of 2017

Those awaiting a tax refund are going to have to wait a little longer this January. Due to new laws that have been recently implemented the IRS are required to hold all refunds until mid-February in 2017. This applies specifically to those who are claiming Earned Income Tax Credit or the Additional Child Tax Credit. Additionally, new identity theft and refund fraud safeguards mean that some tax returns and refund face an additional review.

 

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alistair bambridgeComment