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Beverly Henderson
December 30, 2024
1 minute read

PATH ACT: How it affects your Refund

What is the Path Act, and how does it affect your refund?

The PATH Act mandates that IRS will not begin issuing refunds on tax returns claiming the Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC)

What day will the IRS start releasing EITC and ACTC refunds?

This means that taxpayers will experience a delay in receiving their refund for many available by February 27, 2025, and there will be no other issues with their tax returns.

The additional time helps the IRS stop fraudulent refunds from being issued to identity thieves and fraudulent claims with fabricated wages and withholdings.

Although the IRS issues most refunds in less than 21 days, the IRS cautions taxpayers not to rely on receiving a refund by a specific date, especially when making major purchases or paying bills. Some returns may require additional review and may take longer.

For additional information see Path Act for EITC/ACTC

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At CTC Henderson LLC, we are dedicated to providing various accounting services tailored to meet the unique needs of both businesses and individuals. Our expertise extends beyond just accounting; we also offer bookkeeping, administrative assistance, tax preparation, and counselling services. We cater to clients in Ohio, South Carolina, Georgia, Florida, and Texas, ensuring that each one receives our full dedication and the highest level of professionalism.

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