- This topic has 34 replies, 4 voices, and was last updated 6 years ago by .
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I think this will be the year the IRS means what they say. No money for PATHers until 27th. All legit PATHers I know who can see process date on transcripts are seeing date of 2/25/19. That gives the 2 days to hit banks/cards/etc.
Recent IRS update issued (tired of us calling 😆):
Taxpayers who claim the Earned Income Tax Credit or the Additional Child Tax Credit may experience a refund hold. According to the Protecting Americans from Tax Hikes (PATH) Act, the IRS cannot issue these refunds before mid-February. The IRS expects the earliest EITC/ACTC related refunds to be available in taxpayer bank accounts or debit cards starting February 27, 2019, if these taxpayers chose direct deposit and there are no other issues with their tax return.
Where’s My Refund? on IRS.gov and the IRS2Go mobile app will be updated February 23 for the vast majority of early filers who claimed the Earned Income Tax Credit or the Additional Child Tax Credit. These taxpayers will not see a refund date on Where’s My Refund? or through their software packages until then. The IRS, tax preparers and tax software will not have additional information on refund dates, so Where’s My Refund? remains the best way to check the status of a refund. Where’s My Refund? is only updated once daily, usually overnight, so checking it more often will not produce new or different results.
Why is my refund being held?
If you claim the EITC or ACTC on your tax return, the IRS cannot issue your refund before mid-February. The law requires the IRS to hold the entire refund — even the portion not associated with the EITC or ACTC. Like previous years, some tax refunds may be held if there are questions about the tax return or the IRS needs more information.
When will I get my refund?
The IRS expects the earliest EITC/ACTC related refunds to be available in taxpayer bank accounts or debit cards starting February 27, 2019, if these taxpayers chose direct deposit and there are no other issues with their tax return.
Why does it take so long for the funds to show up in my account?
It takes additional time for refunds to be processed after leaving the IRS, and for financial institutions to accept and deposit them to bank accounts and products like debit cards. Also, many financial institutions do not process payments on weekends or holidays, which can affect when refunds reach taxpayers. For EITC and ACTC filers, the three-day holiday weekend involving President’s Day affects their refund timing.
How do I check the status of my refund?
Where’s My Refund on IRS.gov and the IRS2Go mobile app remains the best way to check the status of a refund. Where’s My Refund will be updated with projected deposit dates for most early EITC and ACTC refund filers by February 23 so those filers will not see a refund date on Where’s My Refund or through their software packages until then. The IRS, tax preparers and tax software will not have additional information on refund dates, so these filers should not contact or call about refunds before the end of February.
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@Tax Pay 345 You said…..”I think they are holding Panthers with large amounts.” …… That’s not true. A lot of us have larger refunds claiming the credits and have DDD of 2/22. I am one of them.
Also, you are only pulled into the test batch if you file early, and even then it won’t be every one that files at that time. It’s because they are testing out the system and checking it for errors before opening day. If you filed on or after opening day, you are not part of the test batch. I have family that works for the IRS.
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Steve – I looked – those are 2 beautiful WMR bars. Sure I hope I see the same on Sat. Congrats!
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I think everyone is missing a key piece in this statement, they say available in taxpayer accounts BY the 27th. Not that your refund will go out the 27th, but that’s the day it will be available in your account. They allow for 3-5 day processing times for banks. Some banks will hold them for that 3-5 days, some won’t. This is why everyone expects a mass update over the next couple of days. If you are a lucky one. who’s banks don’t hold, you will probably see your money Friday, if, like my bank, they wait until the actual DDD, then it will probably be next Wednesday.
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Mine is due to hit my account on 2/22. That’s what it says on WMR, that’s what I choose to believe. It stated that if it is not posted BY 2/27, then to give them a call.
Oh…. and BTW…… I filed 1/28 (opening day), and with both EITC, and ACTC).
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- The topic ‘Until I see screenshots I won’t believe PATHers with DDD’ is closed to new replies.