MONTGOMERY, Ala. (AP) – More than a half million Alabamians could have their tax refunds delayed next year.
Al.com (http://bit.ly/2bEQXhQ) reports that many within the state could find themselves waiting until almost spring instead of the typical January timeframe because of an IRS procedure change. The IRS will hold tax refunds for filers claiming the Earned Income Tax Credit or the Additional Child Tax Credit until at least Feb. 15.
In 2014, about 507,000 Alabamians filed for ETC credits. Those in the state were a part of the 27.5 million people who filed for the same credits throughout the country.
In Alabama, the EITC average return amount was $2,784.
The IRS usually issues refunds with 21 days or less after processing begins on a return. The agency began accepting returns Jan. 19 this year.