Every year there are changes to the Federal and State tax codes and other timely information coming from the IRS and State. Our team stays on top of these changes throughout the year so we can best serve our clients and we print Tax Tips to help you keep track of the changes.
Some of the changes, however, occur after our print deadline. We will keep you informed of the additional changes in our blog as they could have a significant impact on your 2017 refund. We will also include other topics that may affect you.
We’re excited that we can offer you an EXPESS REFUND ADVANCE LOAN up to $2,500. Follow this link for the details.
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. The law requires the IRS to hold the entire refund — even the portion not associated with EITC or ACTC. The IRS expects the earliest EITC/ACTC related refunds to be available in taxpayer bank accounts or debit cards starting on Feb. 27, 2018 if direct deposit was used and there are no other issues with the tax return. This additional period is due to several factors, including the Presidents Day holiday and banking and financial systems needing time to process deposits. This law change, which took effect at the beginning of 2017, helps protect against identity theft to ensure that taxpayers receive the refund they’re due by giving the IRS more time to detect and prevent fraud.
As always, the IRS cautions taxpayers not to rely on getting a refund by a certain date, especially when making major purchases or paying bills. Though the IRS issues more than nine out of 10 refunds in less than 21 days, some returns require further review.
We are also as convenient for you as possible with 19 Fiscal Tax offices open to serve your tax preparation needs. To find a Fiscal Tax location nearest you, please visit Our Locations page.
Thank you for considering Fiscal Tax. We look forward to serving you in 2018!
If you have questions, feel free to call us or visit our Frequently Asked Questions page.
Founder and President, Fiscal Tax Company
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