02/16/2024
🚨 Tax Update Alert! 🚨
This post is only for people who are affected by the Path Act. People who don't have either of the 2 tax credits that are affected will continue to get dates.
The PATH Act hold did lift yesterday for those who claimed the EITC or Additional Child Tax Credit. 📆 According to the IRS, expect many deposits to hit accounts by February 27th. While in past years, payments often arrived early, there's no guarantee.
💰 Look out for the IRS website updates around February today the 16th and 17th for possible deposit dates.
A friendly reminder: Filing your tax return in January doesn't automatically place you in the first batch for refunds or secure a specific deposit date. 🗓️ Interestingly, some taxpayers who file in early February might see their refunds before January filers.
Your return could be delayed for several reasons, like errors, fraud, ID verification, or checks on wages and dependents, and it's often beyond your tax professional's control. This doesn't necessarily mean there's an issue with your return. 🛑✅
Stay patient and keep an eye on updates! 💼👀
