TAX REFUND CALENDAR 2017-2018

WHEN TO EXPECT MY TAX REFUND? THE TAX REFUND CALENDAR 2017-2018

The IRS has  NOT officially announced a starting date yet, but we believe the IRS will start accepting e-File returns on January 23, 2018. The IRS does not release a calendar, but continues to issue guidance that most filers should receive their refund within 21 days.

Early Filers – You Will See A Delay In Your Refund

Congress passed a law last year that requires the IRS to HOLD all tax refunds that include the Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) until February 15, 2018, regardless of how early the tax return was filed. So, if you file on the first day, you might still be waiting until February 15 for your refund.

The IRS released a note last year that people held up by this delay shouldn’t expect their refunds until the week of February 27, assuming there are no other problems with the tax returns.

​The goal of this is to cut down on fraud and give the IRS time to ensure no duplicate returns are filed. The trouble is, the IRS will hold your entire tax refund, not just the EITC or ACTC part.

The 2018 IRS Refund Schedule Chart

Here is a chart of when you can expect your tax refund for when the return was accepted (based on e-Filing). This is just an estimate based on past years. Also, as always, you can use the “Where’s my refund” link on the right to get your specific refund status.