Jordan Tax Financial

🚨 Tax Refund Alert 🚨

The PATH Act hold has officially lifted for taxpayers who claimed the Earned Income Tax Credit or the Additional Child Tax Credit. According to the IRS, many refunds are expected by March 2, and deposits are expected to start arriving next week. In previous years, some refunds have arrived earlier, but there is never a guarantee.

Please note, no deposits will be processed today. Be sure to watch the IRS website this week for updated deposit dates.

Also remember, filing your return in January does not automatically place you in the first batch of refunds or guarantee a specific deposit date. In fact, some taxpayers who file in early February may receive their refunds before those who filed in January.

Refunds can be delayed for several reasons, including errors, fraud filters, identity verification, or wage and dependent reviews. Most of the time, these delays are outside of your tax professional’s control and do not automatically mean there is an issue with your return.

Stay patient and continue checking for updates through the IRS website.

Email: [email protected]

As we get closer to the 15th and refunds start moving, let me remind you of something important.

If you received a cash advance, remember that when your refund hits, that advance has to be paid back first. If you have any outstanding debts, those will come out of your refund. The interest for the cash advance comes out. Then the tax preparation fee has to be paid.

I know many of you check Where’s My Refund every day. Before you call your tax preparer thinking we took your money, please read what the IRS site says. It will clearly tell you if a debt was taken.

Also, if your fees were not taken out of your refund, you are still responsible for paying your tax preparation fee. Our payment is for the service of preparing your tax return. It is not based on whether you receive a refund or how much you receive.

If you chose to have your fees taken out of your refund, that is a bank service. There are bank fees and software fees attached. In those cases, tax pros do not receive the full amount you see. The bank and software company receive a portion.

Most people do not realize there is also a cost to the tax pro for every client who gets a cash advance. We pay fees for advances, electronic signatures, and efiling.

We never receive the full fee you think we do. That is called the cost of doing business.

Sometimes it’s not “mystery debt”… it’s habits we ignore... It's time to refocus...

IMPORTANT TAX INFORMATION:

If you have dependents and are receiving EITC/CTC/ACTC please take note: you will not receive a refund date until after February 15th.

We kindly ask that you refrain from checking the "Where's My Refund" tool multiple times a day. The information will not change.

Please be patient during this process. If you are asking many questions about your inquiries regarding the refund date will not expedite the timeline.

Jordan Tax Financial
440-554-2156
[email protected]