Tax refund delay to hurt some people
January 10, 2017
Tax refund delay to hurt some people. A 2015 law requires the IRS to delay, until at least Feb. 15, tax refunds for taxpayers who claim an earned income tax credit or additional child tax credit on their returns. The delay was put into place to help the IRS better check claims for these credits. But, according to a report from the Tax Policy Center, a joint venture of the Urban Institute and Brookings Institution, the new requirement will delay refunds for low-income tax filers, in particular families with children, who often have an immediate need for the money.