If a taxpayer is claiming the EITC or the ACTC, they can file their return any time after the filing season begins. However, because the PATH Act of 2015, approved by Congress, requires the IRS to hold the refund for tax returns that include the EITC or ACTC until Feb. 15, so IRS cannot issue their refund before Feb. 15. Keep in mind that only a small percentage of total filers will fall into this situation. The IRS will begin to release EITC/ACTC refunds starting Feb. 15. However, the IRS cautions taxpayers that these refunds likely won’t arrive in bank accounts or debit cards until the week of February 27 -- if there are no processing issues and the taxpayer chose direct deposit.
Source: Internal Revenue Service
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