IRS Disburses $93 Billion in Tax Refunds Amidst Busy Tax Season 2023
IRS Timeline for Child Tax Credit and Earned Income Tax Credit Refunds: Middle of February Marks the Beginning
According to C net, this tax season, the IRS has already given back a huge $93 billion in tax refunds to people who filed their tax returns. If you are still waiting for your refund, don not worry it might be because you asked for the child tax credit or the earned income tax credit, which usually take longer to handle. The law says the IRS has to wait until at least the middle of February before they can start dealing with and sending out this kind of credit money.
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Child Tax Credit 2024 Refunds: What You Need to Know Before Filing Your Taxes!(PHOTO: getty image)
Congress Contemplates Expanding Child Tax Credit: Implications for Future Refunds
Many people are talking about the child tax credit 2024 with 16 states having their own version and Congress thinking about making it bigger. Lots of folks are wondering when they will get their refunds if they are claiming a credit. Luckily, there is a helpful cheat sheet for doing your taxes this year. And if you need more help with filing there are ways to do it for free. If you are still waiting for your refund, you can check how your tax return is doing online.
READ ALSO: Childcare Tax Relief Puts Pen To Paper On Tax Credit Bill!
