Friday, November 25, 2016

Some federal refund delays in 2017

The IRS says it will hold refunds until mid-February in 2017 for people claiming the earned income credit or the additional child tax credit. The federal refund delay is the result of a provision in a recent federal law aimed at fighting refund fraud, the IRS said in an official announcement issued earlier this week.

The IRS also said in the announcement that new identity theft and refund fraud safeguards put in place by the IRS and the states may mean some tax returns and refunds face additional review. For more information, click here.