What About State Tax Refund Delays? Many states are also reporting delays in tax refunds this year. Much of this trickles down from delays at the IRS that were caused by the government shutdown. Many states use the federal tax code for guidance, and some federal laws trickle down into state laws.
Taxpayers can start efiling their returns as soon as January 12, 2018 for taxes overpaid (refunds) in tax year 2017, using either an income tax preparer or through do-it-yourself tax programs.
A quick vocabulary refresher for clarity: A tax return is the document you send to the IRS; a tax refund is the money you receive if your withholdings from the year were greater than your taxes owed. Alabama refund delays. Alabama will begin issuing refunds on March 1. Colorado refund delays
When you should (and shouldn’t) worry if your tax refund is delayed. Published Thu, Apr 5 2018 2:09 PM EDT. US News & World Report. Molly McCluskey. Getty Images.
2018 IRS Income Tax Refunds Could Be Delayed by Government Shutdown February 5, 2018 Tweet. Share. Share. 0. Join Thousands of Fellow Followers. ... Not only will refunds be delayed, if a shutdown ...
FS-2018-3, February 2018 The IRS issues more than nine out of 10 refunds in less than 21 days. However, some tax returns may require additional review, which affects refund timing. The "Where’s My Refund?" tool has the most up-to-date information about the status of a taxpayer’s refund.
If you're expecting a tax refund, the most common advice is that you should file your tax return as soon as possible. There is no reason to let the government keep your money any longer. But for some filers this year, your early tax return will be delayed because of new laws designed to stop identity theft.
The IRS just confirmed that due to the PATH act, all EITC and ACTC tax returns will be delayed until Mid Feb. 2018. Tax Delay 2018. If you are filing the earned income tax credit and/or the additional child tax credit, your 2017 tax return will be delayed until the middle of February 2018. Tax Delay 2018 full story.
Let’s look at common reasons for a tax refund delay and how you may be able to prevent it. How Long It Takes the IRS to Process a Tax Refund. For 2018 tax returns (what you file by April 2019), the IRS has said it plans to issue more than 90% of refunds within 21 days. Some refunds could take as little as 14 days.
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 ...