Why Are EIC Refunds Delayed?

Will EITC refunds be delayed in 2020?

The IRS expects the first EITC/ACTC related refunds to be available in taxpayer bank accounts or on debit cards by the first week of March, if they chose direct deposit and there are no other issues with their tax return.

So EITC /ACTC filers will not see an update to their refund status for several days after Feb.

15..

When can I expect my refund with EIC 2020?

In addition to regular processing times for banks, factoring in weekends, and the President’s Day holiday, the earliest EITC and ACTC-related refunds are expected to be available on or about February 28, 2020; that’s assuming direct deposit and no other issues.

Does EIC delay state refund?

No one can provide your refund before February 15. … While the delay applies specifically to tax filers claiming the EITC and ACTC, it will affect your entire refund, including refunds based on over withholding or other tax credits. You cannot receive a partial refund. Everyone is not affected by the delay.

Why is it taking so long for my refund to be approved?

What’s Taking So Long? If you don’t receive your refund in 21 days, your tax return might need further review. This may happen if your return was incomplete or incorrect. The IRS may send you instructions through the mail if it needs additional information in order to process your return.

Why does EIC delay refund?

Tax refunds are going to be delayed for filers claiming these tax credits. Early filers who claim the earned income tax credit or the additional child tax credit may not get their money until the first week of March. Due to an anti-fraud law, the IRS cannot issue these refunds before mid-February.