Important News: Some 2016 refunds won’t be released until after February 15.
One of the biggest changes for taxpayers claiming the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) on federal tax returns for tax year 2016, is that any credit or refund will not be released until on or after February 15. This is just one of many changes made under the Protecting Americans from Tax Hikes (PATH) Act of 2015, enacted December 18.
Individual taxpayers claiming EITC or ACTC need to know: Section 201 of the PATH Act mandates that, “[n]o