San Diego 2017 tax filing season begins January 23rd. But don’t let that date stop you from getting a jump on your 2016 tax return preparation. At Golden Hill Tax Solutions we can complete your 2016 tax return before January 23rd if you bring us the necessary documents needed to prepare your income tax return and have it waiting to automatically transmit to the IRS as soon as they start accepting e-filed tax returns insuring that you get your refund as quickly as possible!

Unfortunately for some taxpayers this year, their refunds will be delayed until after February 15th. If you qualify for the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC), then the IRS will not issue refunds to you until February 15th. So even though the San Diego 2017 tax filing season begins Jan 23rd, for many taxpayers it may feel like it doesn’t start until the end of February.

From the IRS website:

“The IRS expects to issue more than nine out of 10 refunds in less than 21 days. However, the Protecting Americans from Tax Hikes (PATH) Act mandates the IRS hold refunds on tax returns claiming the EITC or the Additional Child Tax Credit (ACTC) until mid-February. The change helps ensure that taxpayers get the refund they are owed by giving the IRS more time to help detect and prevent tax fraud.

The IRS will begin releasing EITC and ACTC refunds starting Feb. 15, but cautions taxpayers that these refunds likely will not start arriving in bank accounts or on debit cards until the week of Feb. 27. The IRS wants taxpayers to know it will take additional time for their refunds to be processed and for financial institutions to accept and deposit the refunds to bank accounts. The IRS reminds taxpayers many financial institutions do not process payments on weekends or holidays, which can affect when refunds reach taxpayers. For EITC and ACTC filers, the three-day holiday weekend involving President’s Day may affect their refund timing.”