Parsons Advocate
  • News
    • School
    • Sports
    • For The Record
      • Magistrate News
      • Property Transfers
    • Bulletin Board
      • What’s Happening
      • Tucker County Senior Center News
  • Obituaries
  • Opinions
    • Momma Said
    • Mostly True Stories
    • Turner’s Tidbits
    • Clint’s Column
    • Letters to the Editor
  • eAdvocate
  • Spiritual
    • Transcendental Meditation
    • Diocese of Wheeling-Charleston
    • Parabola
    • Southern Baptist
  • Classifieds
  • Contact Us
  • Login
Subscribe For $2.50/Month
No Result
View All Result
  • News
    • School
    • Sports
    • For The Record
      • Magistrate News
      • Property Transfers
    • Bulletin Board
      • What’s Happening
      • Tucker County Senior Center News
  • Obituaries
  • Opinions
    • Momma Said
    • Mostly True Stories
    • Turner’s Tidbits
    • Clint’s Column
    • Letters to the Editor
  • eAdvocate
  • Spiritual
    • Transcendental Meditation
    • Diocese of Wheeling-Charleston
    • Parabola
    • Southern Baptist
  • Classifieds
  • Contact Us
  • Login
No Result
View All Result
Parsons Advocate
No Result
View All Result
  • National News
  • WV News
  • VA News
Home News Local Stories

Refunds in 2018

January 29, 2018
in Local Stories
Reading Time: 2 mins read
Share on FacebookShare on Twitter

Submitted by Fran Shupp
Benbush Business Service

Choosing e-file and direct deposit for refunds remains the fastest and safest way to file an accurate income tax return and receive a refund.  The IRS expects more than four out of five tax returns will be prepared electronically using tax software.


The IRS still anticipates issuing more than nine out of 10 refunds in less than 21 days, but there are some important factors to keep in mind for taxpayers.

By law, the IRS cannot issue refunds on tax returns claiming Earned Income Tax Credit or the Additional Child Tax Credit before mid-February.  This applies to the entire refund – even the portion not associated with the EITC and ACTC.

IRS expects the earliest EITC/ACTC related refunds to be available in taxpayer bank accounts or on debit cards starting on Feb. 27, 2018, if those taxpayers chose direct deposit and there are no other issues with the tax return.  This additional period is due to several factors, including banking and financial systems needing time to process deposits.

After refunds leave the IRS, it takes additional time for them to be processed and for financial institutions to accept and deposit the refunds to bank accounts and products.  The IRS reminds taxpayers many financial institutions do not process payments on weekends or holidays, which can affect when refunds reach taxpayers.  For EITC and ACTC filers, the three-day holiday weekend involving President’s Day may affect their refund timing.

The Where’s My Refund? Tool on IRS.gov and the IRS2GO phone app will be updated with projected deposit dates for early EITC and ACTC refund filers in late February, so those filers will not see a refund date on Where’s My Refund? or through their software packages until then.  The IRS, tax preparers and tax software will not have additional information on refund dates, so Where’s My Refund? remains the best way to check the status of a refund.

Previous Post

Possible revision to hotel/motel tax a concern for County Commission

Next Post

AREA SCHEDULE

Join Our Newsletter

  • Login
  • My Account
  • Subscribe to Parsons Advocate
  • Legals
  • Contact Us
  • My Account

© 2021 Mountain Media, LLC

  • Login
  • Sign Up
  • Cart
No Result
View All Result
  • News
    • School
    • Sports
    • For The Record
      • Magistrate News
      • Property Transfers
    • Bulletin Board
      • What’s Happening
      • Tucker County Senior Center News
  • Obituaries
  • Opinions
    • Momma Said
    • Mostly True Stories
    • Turner’s Tidbits
    • Clint’s Column
    • Letters to the Editor
  • eAdvocate
  • Spiritual
    • Transcendental Meditation
    • Diocese of Wheeling-Charleston
    • Parabola
    • Southern Baptist
  • Classifieds
  • Contact Us
  • Login

© 2021 Mountain Media, LLC

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Forgot your password?

Lost your password? Please enter your email address. You will receive mail with link to set new password.

Back to login