Earned Income Tax Credit and Additional Child Tax Credit Refunds Delayed until Feb 15, 2017 or Later

Earned Income Tax Credit and Additional Child Tax Credit Refunds Delayed until Feb 15, 2017 or Later

New identity theft and refund fraud safeguards put in place by the IRS and the states may mean some tax returns and refunds face additional review.

Beginning in 2017, a new law approved by Congress requires the IRS to hold refunds on tax returns claiming the EITC or the ACTC until mid-February. The IRS must hold the entire refund — even the portion not associated with the EITC and ACTC — until at least Feb. 15. This change helps ensure that taxpayers get the refund they are owed by giving the agency more time to help detect and prevent fraud.

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How to save money on Cyber Monday!

How to save money on Cyber Monday!

Cyber Monday -- the first Monday after Thanksgiving -- is gaining traction over Black Friday for great holiday-shopping buys, thanks to the internet.

"Black Friday may still be the single best day to shop for price, but Cyber Monday gives some retailers, particularly online-only ones, a chance to shine," says Edgar Dworsky, founder of the consumer resource guide Consumer World.

The numbers don't lie: According to the Adobe Digital Insights, online shopping on Cyber Monday will increase by 11 percent year over year in 2016.

Be a savvy shopper this year on Monday, Nov. 28. Here are a few key strategies to save money

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IRS Announces 2017 Tax Rates, Standard Deductions, Exemption Amounts And More...

IRS Announces 2017 Tax Rates, Standard Deductions, Exemption Amounts And More...

The Internal Revenue Service (IRS) has announced the annual inflation adjustments for a number of provisions for the year 2017, including tax rate schedules, tax tables, and cost-of-living adjustments for certain tax items.

These are the applicable numbers for the tax year 2017 - in other words, effective January 1, 2017. They are NOT the numbers and tax rates that you’ll use to prepare your 2016 tax returns in 2017. Rather, these numbers and tax rates are those you’ll use to prepare your 2017 tax returns in 2018.

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