Diane Stokes Tax Services

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The time is near. January 27th official filing date........please call 773-344-8254 to set up your appointment for your personal time.
DIANE STOKES TAX SERVICES is the place to be. ACCEPTING ALL STATES W2'S BY FAX OR EMAIL for processing.

The time is near. January 29th official filing date........please call 773-344-8254 to set up your appointment for your personal time. Offering approved clients up to 2500.00 instant advance on refund.
DIANE STOKES TAX SERVICES is the place to be. ACCEPTING ALL STATES W2'S BY FAX OR EMAIL for processing.

Myth 5: Delayed Refunds, those Claiming EITC and/or ACTC, will be Delivered on Feb. 15

By law, the IRS cannot issue refunds before Feb. 15 for any tax return claiming the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC). The IRS must hold the entire refund, not just the part related to the EITC or ACTC. The IRS will begin to release these refunds starting Feb. 15.

These refunds likely won’t arrive in bank accounts or on debit cards until the week of Feb. 27. This is true as long as there is no additional review of the tax return required and the taxpayer chose direct deposit. Banking and financial systems need time to process deposits, which can take several days. .

Myth 1: All Refunds Are Delayed

While more than 90 percent of federal tax refunds are issued in the normal timeframe – less than 21 days – it is true some refunds may be delayed – but not all of them. Recent legislation requires the IRS to hold refunds for tax returns claiming the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC) until mid-February. Other returns may require additional review for a variety of reasons and take longer. For example, the IRS, along with its partners in the state’s and the nation’s tax industry, continue to strengthen security reviews to help protect against identity theft and refund fraud. The IRS encourages taxpayers to file as they normally would.

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