Last December, Congress made permanent critical improvements to the low-income Child Tax Credit and the EITC that had been set to expire in 2017. The bi-partisan tax deal also included a lesser-known provision that will delay refunds until mid-February for taxpayers claiming the EITC or Additional Child Tax Credit (ACTC). The IRS recently reminded the tax community that this measure will be put in place on January 1, 2017. For more information from the IRS, click here. Also, take a look at CFED’s Taxpayer Opportunity Network’s post on how this change may affect VITA operations for the 2017 tax season.
EITC Funders
