02 Feb Will My Tax Refund Be Delayed?
The IRS started the 2018 tax season with 5 million pieces of unopened mail. Since in-person IRS help centers were closed, taxpayers turned to the postal system, and the IRS went from getting 200,000 pieces of mail per day to 700,000. That’s not the only backlog the agency faces. Some IRS workers quit during the shutdown, and the agency has delayed hiring thousands of temporary workers, which it typically does before tax season.
What Does This Mean For You?
We recommend you file your tax returns ASAP. The government could shut down again on February 15th, putting tax refunds in limbo. The IRS is expecting 150 million individual returns to be filed this year, with the first refunds going out in the first week of February. If you’re claiming the Earned Income Tax Credit or Additional Child Tax Credit, your refund cannot be issued before February 15, by law. Similar to last year, the IRS expects the earliest EITC/ACTC related refunds to actually be available in taxpayer bank accounts or on debit cards starting on Feb. 27, 2019, if they chose direct deposit and there are no other issues with the tax return.
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Who’s Your Tax Man? Give us a call at 800-951-9591, e-mail firstname.lastname@example.org, or send us a message here. Let us show you how easy taxes can be!