Insight Accounting & Business Solutions

If you claimed the Earned Income Tax Credit or the Additional Child Tax Credit and are wondering where your refund is, don’t panic. You can expect to get your refund by March 3 if:

• You filed your return online
• You chose to get your refund by direct deposit
• We found no issues with your return

However, some taxpayers may see their refunds a few days earlier. Check Where’s My Refund for your personalized refund date. Visit here for more info: www.irs.gov/refundtiming

Past tax records can be helpful for future filings, applying for loans or verifying income. Taxpayers have a few options to access prior-year tax information from the including:

• Check your Online Account
• Contact your tax preparer or software provider
• Request a free transcript from the IRS

Learn more and get the tax information you need this filing season: https://ow.ly/B7tv50Y1iIs

🚨 PATH Act Update – Important for EITC & ACTC Filers 🚨

If you claimed the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC), your refund has been on hold due to the PATH Act.

The good news 👇🏽
The PATH Act hold lifts Monday, February 16th, which means the IRS can begin processing and releasing those refunds.

⚠️ Keep in mind:
• This does NOT mean your refund will be deposited on the 16th.
• It means the IRS can now start issuing refunds.
• Most deposits typically begin showing up toward the end of February (depending on your bank and if there are no additional reviews).

As always, I keep my clients informed every step of the way. If you have questions about your refund status, feel free to reach out to Insight Accounting & Business Solutions. 💼✨

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📌 Important Overtime Deduction Information‼️

If you’re attempting to claim the new overtime deduction (up to $25,000) on your taxes this year, please note:

Your overtime must be properly documented. One of the following is required:

✔️ Overtime clearly listed on your W-2
✔️ Employer documentation verifying your overtime hours and pay
✔️ Your last pay stub showing year-to-date overtime premium pay

🚫 Without one of these, there is not enough proof to determine eligibility, and the deduction cannot be claimed.

This is to protect you and ensure your return is accurate and compliant.
If you have questions or need help gathering documentation, reach out before filing!

A little preparation goes a long way, especially when it comes to tax filing. One thing you can do now to make filing season easier: Find your direct deposit information. If you don't have a bank account, you have a few options you can plan ahead for. Things like prepaid debit cards, digital wallets or mobile apps support direct deposit.

Get ready for the filing season at https://ow.ly/ONTT50XKBJ5.