As taxpayers prepare for the 2025 tax season, understanding the timelines and options for tax refunds is essential. The IRS has announced that the earliest date for tax refund checks will be delayed until February 15 for those who claim certain credits, specifically the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC). This delay, a result of legislation intended to ensure proper screening of tax returns and prevent fraud, means that individuals who file their taxes early may not see their refunds until well after the filing process begins.
For those who are concerned about cash flow during this waiting period, many local tax offices are offering short-term loans to help bridge the gap until tax refunds are received. Taxpayers are encouraged to review their filing status carefully and ensure that all eligible credits are properly claimed to avoid delays.
Jim Miller, a tax advisor at one of the local offices, commented, ‘We recommend that people start preparing their taxes early, as these changes can impact when refunds are received. It’s important to stay informed about the dates and options available.’
In addition to understanding the timing of refunds, taxpayers should also be prepared for potential changes in tax laws and filing procedures this year. The IRS has advised individuals to check the official IRS website for updates and to keep an eye on their ‘Where’s My Refund?’ tracker for real-time updates on their refund status.
