Yes, for tax returns filed in early 2026 (for the 2025 tax year) that include the Additional Child Tax Credit (ACTC) or Earned Income Tax Credit (EITC), the IRS expects most refunds to be available in bank accounts or on debit cards by March 2, 2026.
Here are the key details regarding the 2026 tax refund schedule based on the latest IRS information:
PATH Act Delays: Due to the Protecting Americans from Tax Hikes (PATH) Act, the IRS cannot issue refunds for returns claiming the ACTC or EITC before mid-February.
Earliest Refund Dates: While the 2026 tax season opens on Jan. 26, 2026, those claiming these credits will not receive their refunds until late February or early March, even if they file early.
"Where's My Refund" Tool: The IRS will update its "Where's My Refund" tool with projected deposit dates for these early filers by Feb. 21, 2026.
Requirements for Timely Arrival: To receive the refund by early March, taxpayers should file electronically and choose direct deposit.
Method of Payment: The IRS is phasing out paper checks, so direct deposit is the fastest way to receive the refund.
If you file early, electronically, and have no issues with your return, you can expect your refund by March 2, 2026.
Yes, for the 2024 tax year (the returns you are filing now in early 2026), the IRS expects most refunds involving the Additional Child Tax Credit (ACTC) to be issued by March 2, 2026.
Here are the specific timelines and requirements:
Earliest Release Date: By law (PATH Act), the IRS cannot issue refunds for returns claiming the ACTC or Earned Income Tax Credit (EITC) before mid-February.
Refund Availability: Most early filers who choose direct deposit and have no errors on their returns should see funds in their bank accounts by March 2, 2026.
Status Updates: The IRS "Where's My Refund?" tool is expected to show projected deposit dates for these filers starting February 21, 2026.
Faster Processing: To ensure you hit the March 2 window, the IRS recommends:
Filing
your return electronically.
Opting
for direct deposit.
Ensuring there are no errors or missing information.
Note: If you file a paper return or choose a paper check, your refund will take significantly longer—typically 6 weeks or more for processing.
Norb Leahy, Dunwoody GA Tea Party Leader
No comments:
Post a Comment