Important 2017 Filing Season Dates:
January 29, 2018
Today, IRS announced that the filing season will begin on January 29, 2018. The IRS scheduled the opening of the filing season to start on this date to ensure the security and readiness of key tax processing systems before the opening, and to give the agency time to properly assess the potential impact of tax legislation on 2017 tax returns.
April 17, 2018
In addition to IRS announcing that the filing deadline will be April 17, IRS reminded taxpayers that should they claim the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC), that refunds will be unavailable before mid-February.
February 27, 2018
IRS expects EITC/ACTC refunds to be available in taxpayers’ bank accounts or through debit cards by February 27, 2018 if the taxpayer chose direct deposit and there are no other issues with the filed return.
Holiday Timing
The IRS further reminded taxpayers that many financial institutions do not process payments on weekends or holidays. Therefore, the three-day holiday weekend involving President’s Day may affect the refund timing for EITC and ACTC filers.
Holt Accounting & Tax Professionals, LLC 