- This topic has 23 replies, 4 voices, and was last updated 7 years ago by .
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Please, I know people will tell me I’m a liar – so please spare us that. If anyone can explain it, I/community truly want to know:
Filed w/ TT 01/18
Accepted 01/18
Approved 01/22
Refund dropped to my account on 01/30 @ 6:30 p.m. (PST)I had CTC* (one dependent). I double and triple checked to make sure that I hadn’t made a mistake…made too much money…etc. that would NOT qualify me for EIC.
I paid my fees up front to TT (so that the money wouldn’t go through an intermediary bank).People have said maybe the credit didn’t effect the over payment I made last year and that’s why my refund wasn’t w/held until Feb. 15th.
Last year, filed w/ TT (but had fees w/held from refund) on 01/12/17. Had EIC last year and didn’t get my refund until 02/22/2017.
Ask away, PLEASE (I beg) be kind and provide helpful info so others can learn (like myself)!
UPDATE:
February 2, 2018 at 7:02 pmUnicorn Kisses
*****************And I apologize my TITLE is inaccurate. I was WRONG! I can’t edit the title after the fact (unless someone knows a secret*****************
February 2, 2018 at 4:16 pm
Unicorn Kisses
Okay, for you gents, I looked again and Line 35 – CTC is that different? Please DO NOT SHAME me, I want to know and help others.
I have no problem saying I was wrong – I thought CTC was also effected w/ delay until Feb. 15th…
**This topic has been edited to reflect the mistake that the OP made during the initial post to clear up any confusion.
-Admin
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The difference between CTC and ACTC:
https://igotmyrefund.com/groups/earned-income-tax-credit-eitc-group/forum/topic/child-tax-credit-ctc-vs-additional-child-tax-credit-actc/ -
@lance I have seen you on this website on almost every post being very NEGATIVE . My career is taxation 365 days a year for the past 7 years. I monitor the forums to help when I can and see how the refund Season is going as I wait in my own refund. I like helping people. If you have nothing nice to say to help people please just don’t say anything at all.
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@. Six kids god bless you I hope you get an update tonight since you don’t have ACTC. Your income and expenses must qualify for ACTC.
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I never said you automatically get a certain credit on anything I said the ACTC is related to daycare expenses all taxes and credits are based on income. Yes knowledge is power so thanks for sharing your experience.
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I have 6 kids at home and claim them. I paid daycare all year. I receive only the child tax credit (CTC). Even though I have dependent children-and paid daycare, I still do not qualify for EIC or ACTC. I think the confusion for some people is others are posting incorrect information on here saying if you claim children or pay daycare then you automatically have one or both of those credits and that is wrong. There is a certain income bracket you would have to fall in-between. They are helpful credits, but do put those who have them in the ‘Path’ status and delays the refund until at least mid-Feb. Which honestly will be here before we know it!
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My career is taxaction. I like helping people while I watch the updates from others, as I wait on my own refund. If you have nothing nice to say don’t say anything at all
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PATH Act delayed refunds for some filers. By law, the IRS cannot issue refunds for people claiming the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) before mid-February 2018. The law requires the IRS to hold the entire refund — even the portion not associated with EITC or
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Honestly ambers, please just stop commenting on these forums..you have no clue what you are talking about
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With that being said. I expect my own update by morning .. super excited good luck everyone
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The ACTC is the child tax credit for day care expenses I’m an licensed, no holds on the basic child tax credit that would mean everyone with a child would be held under Path. They are releasing refunds and Path Says mid Febuary because the IRS want to confirm the Tax forms such as w-2s etc match what you filed, because the EIC credit is for lower income, so the IRS is giving themself a little bit of time past January 31 when your jobs legally have to send you the tax forms so they can confirm EIC is not being claimed fraudently. Path has no exact date. Just says mid Feb
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Ok i need clarification. I claimed a child and an adult dependent. I did NOT qualify for EIC. What is the difference between CTC and ACTC. Im confused. Thanks
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No big deal, I thought I had EIC to until I read this. lol. I claimed 3 kids AND the TT website said something about EIC. However, after reading this thread, I read my transcripts and its only CTC.
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only eic and actc is delayed, not ctc
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You r correct Lance, although your attitude is 💩
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well if you filed with turbo tax like you said, it would tell you if you qualify for eic or not, there is no guessing or wondering if you qualify. So most likely you dont have the eic credit or else you would know for a fact you do
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if you really had your refund already, you wouldnt still be on this site lol, lets be real
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Congrats
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