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IRS announces 2018 dates for returns and refunds- WASHINGTON â The Internal Revenue Service has announced that it will begin accepting tax returns on Jan. 29, and reminded taxpayers that refunds will not be available before late February for taxpayers claiming earned income and child tax credits.
Specifically, new laws require the IRS to withhold any refunds on returns that include claiming the Earned Income Tax Credit or Additional Child Tax Credit until at least Feb. 15. From there, the IRS expects to release those refund amounts, but it cautions taxpayers that it could take until the week of Feb. 27 for those refund amounts to get directly deposited to your bank account. The service cites banking and financial systems needing time to handle direct deposits.