Expect Refund Delays for 2016 Tax Year

In December of 2015 the Protecting Americans from Tax Hikes Act (PATH Act) was signed into law. The PATH Act made a handful of tax extenders and incentives permanent, including the Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC). However, refunds with these credit requests will be delayed until February 15, 2017. TaxingSubjects.com has a detailed article that reviews the PATH Act and how your clients’ refunds may be delayed. To read the article, click here.

EPS Financial will continue to work with our clients and their taxpayers to help them cope with these refund delays. Do you have any questions on how EPS Financial can help you? Send us a note by clicking here.

—Dylan Capaldo, National Account Manager