Breaking News         Latest US News              New York News              Fx Tribune

Maneuvering a Divorce With Children
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

banner30
Evidence Used in Health Care Fraud Cases
Evidence Used in Health Care Fraud Cases
Credit card signatures are becoming obsolete – An Overview
Credit card signatures are becoming obsolete – An Overview
Downtime and dollars: the true cost of a DDoS attack
Downtime and dollars: the true cost of a DDoS attack
Settle only for the Best Essay Writing Service!
Settle only for the Best Essay Writing Service!
Bounce Rate Metric – An Important Indicative of Website Performance
Bounce Rate Metric – An Important Indicative of Website Performance
In Over Your Head? There is Help at Hand
In Over Your Head? There is Help at Hand
What is Whiteboard Animation and How Can It Benefit Your Company?
What is Whiteboard Animation and How Can It Benefit Your Company?
How a typical smartphone can control your children
How a typical smartphone can control your children
How to Start a Java Programming Career?
How to Start a Java Programming Career?
Tips For Shooting Better Landscape Photographs
Tips For Shooting Better Landscape Photographs
Understanding Available Commercial Property Insurance Policies
Understanding Available Commercial Property Insurance Policies
Ways To Use Gambling In Society To Make Money
Ways To Use Gambling In Society To Make Money
POLLS Results ALL
Who is the most powerful actor in Syria

banner31
Front Pages
  • The Sun
NEWS ARCHIVES