Following up on my post from last Thursday about the Earned Income Tax Credit, I have two practical points I want to share. First is that I have learned that the EITC for Oklahoma state tax returns is no longer a refundable credit. Last year, the Oklahoma legislature voted to make this change for the 2016 tax year. What this means is that even if you qualify for the OK EITC, you can only claim it up to the amount of tax you owe. There is a proposed bill to reinstate the EITC as a refundable credit for 2017 (see here).
Second is that beginning this year, if you have claimed the EITC or Additional Child Tax Credit (ACTC) on your federal return, the IRS is required to hold your refund until February 15. The IRS is advising that it is unlikely to actually receive these refunds until the week of February 27th. You can track your refund status using the Where's My Refund tool.