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This Form May Be Used to Release a Refund that Has Been Placed on Hold

This Form May Be Used to Release a Refund that Has Been Placed on Hold

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hello how's everybody doing today today we're going to do another short video about the IRS path act frequently asked questions what is the path act law by law the IRS cannot issue tax refunds for people claiming the earned income tax credit or additional child tax credit before February 15th each year the law requires that the IRS must hold the entire refund even the portion not associated with the earned income tax credit or the additional child tax credit the IRS expects the earliest earned income tax credit or additional child tax credit related refunds to be available in taxpayers bank accounts or debit cards starting the first week of March if direct deposit was used and there was no other issues with the tax return this additional period is due to several factors including the President's Day holiday and Banking and Financial systems needing time to process the deposits this law change which took effect at the beginning of 2017 helps ensure that taxpayers

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