Breaking News         Latest US News              New York News              Fx Tribune

Four Things You Need to Check on Your Car Before You Drive Again
The day has arrived: Americans can begin to expect the arrival of their Internal Revenue Service refunds, millions of which the federal tax agency held onto until Wednesday, thanks to a 2015 law intended to curb fraud.The IRS was no longer publishing its...

When Do Tax Refunds Come In 2017? Schedules for IRS Payments And The Quickest Way To Get Your Money

The day has arrived: Americans can begin to expect the arrival of their Internal Revenue Service refunds, millions of which the federal tax agency held onto until Wednesday, thanks to a 2015 law intended to curb fraud.The IRS was no longer publishing its...

When Do Tax Refunds Come In 2017? Schedules for IRS Payments And The Quickest Way To Get Your Money

The day has arrived: Americans can begin to expect the arrival of their Internal Revenue Service refunds, millions of which the federal tax agency held onto until Wednesday, thanks to a 2015 law intended to curb fraud.

The IRS was no longer publishing its annual calendar of dates on which filers can expect their refunds in the mail or in their checking accounts. However, the agency has a “Where’s My Refund?” tool online, allowing taxpayers to plug in their Social Security numbers, filing status and refund amounts to check on their payments.

Additionally, many sites, such as Forbes, Income Investors and Motley Fool, have compiled their own calendar estimates.

The agency was advising taxpayers to check on the status of their refunds 24 hours after filing online, or four weeks after filing via snail mail. The remaining 9 percent of filers—a total of 8.3 million people—who opt for paper were encouraged to switch to the e-file method. For those earning less than $64,000 annually, the IRS has a “Free File” software tool that can guide less-experienced taxpayers through the process. For earners who were compensated more than $64,000, the agency has tools directing filers to authorized brick-and-mortar or commercial software e-file providers.

On top of going the online route, the IRS calls direct deposit “the best and fastest way” to get a refund. It has planned to issue “nine out of 10 refunds in less than 21 days,” the agency said.

The Protecting Americans from Tax Hikes Act of 2015, also known as the PATH Act, required the IRS to hold onto refunds for taxpayers checking off the Earned Income Tax Credit, Additional Child Tax Credit or both on their return forms, starting Jan. 1, 2017. The law sought to allow for “additional time to help prevent revenue lost due to identity theft and refund fraud related to fabricated wages and withholdings.”

As of 2014, the most recent year for which IRS data is available, 28,881,720 Americans claimed the Earned Income Tax Credit, which gives low-income earners and families a financial break, while 20,518,813 claimed the Additional Child Tax Credit, which supplements the basic Child Tax Credit.

Our editors found this article on this site using Google and regenerated it for our readers.

Breaking News Headlines

CSIOS Corporation: The Cyber Insider Threat
CSIOS Corporation: The Cyber Insider Threat
The Top Five Telecommunication Companies in 2018!
The Top Five Telecommunication Companies in 2018!
Can an attorney help you with settling your car accident claim?
Can an attorney help you with settling your car accident claim?
Building Blocks of CRM: Focus on the Features that Matter
Building Blocks of CRM: Focus on the Features that Matter
How You Can Get Your Home Ready To Sell
How You Can Get Your Home Ready To Sell
New Essential Materials in the Automotive Industry
New Essential Materials in the Automotive Industry
What to Fix When Selling Your Home: 7 Things You Should Check and Repair Before Listing Your Property
What to Fix When Selling Your Home: 7 Things You Should Check and Repair Before Listing Your Property
Expecting for Your Second Baby - Know Hidden Facts Here!
Expecting for Your Second Baby - Know Hidden Facts Here!
Reasons to bet with Bet365
Reasons to bet with Bet365
5 Wonderful Ways to Explore Central Park
5 Wonderful Ways to Explore Central Park
Several facts about international shipping services
Several facts about international shipping services
Bank Accounts and their main differences
Bank Accounts and their main differences
POLLS Results ALL
Who is the most powerful actor in Syria

Front Pages
  • The Sun
NEWS ARCHIVES