The Protecting Americans from Tax Hikes (PATH) Act was enacted on December 18, 2015. The Act mandates that the IRS hold tax refunds on tax returns claiming the Earned Income Tax Credit or Additional Child Tax Credit until at least February 15. The IRS cautions taxpayers there could be potential refund delays and that these refunds will likely not start arriving in their bank accounts or on debit cards until the week of February 27. The additional delay is partly due to Presidents Day (February 20) being a federal holiday, which means banks are closed and will require more time for refunds to show up in bank accounts.
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