When Will You Get Your Tax Refund?
With the partial government shutdown, a new tax reform law passed, and the different tax forms resulting from it, this tax season most likely will be a little tricky. Despite these changes and obstacles, the IRS says that the tax season will be relatively normal, including the timing of tax refunds.
Based on information published by the IRS, the following chart shows likely dates for the receipt of tax refunds.
These dates should be close, but many factors can affect them. According to the IRS, 90% of refunds are processed in under 21 days, although many taxpayers report that less complex returns with no mistakes or other problems usually received them in under 2 weeks.
Also keep in mind that if you claimed either the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC), there is a hold. The IRS is required to wait until the middle of February to start issuing refunds for tax returns where these credits are claimed. This means that these refunds are not likely to be received before February 27th (for direct deposits).
Whole Story at TFX.