Waiting for Child Tax Credit Refunds: Updates and Insights
Many Still Waiting for Child Tax Credit Refunds Despite IRS Issuing Over $115 Billion
CNET – Over $115 billion in tax refunds have been sent out by the IRS this tax season but many people who claimed the child tax credit are still waiting. The child tax credit is money families get if they have qualifying children. You can get up to $2,000 per child but not all of it might come back to you as cash. The part of the child tax credit that can give you extra money is called the additional child tax credit. This year that extra amount is $1,600. The IRS says most refunds for people who claimed the child tax credit should have been in bank accounts or on debit cards by February 27th.
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2024 Child Tax Credit Refund Timeline: Anticipated IRS Payment Dates for Families (PHOTO: CNET)
Navigating Child Tax Credit Refunds: What to Expect and How to Track Your Payment
But if you are still waiting for your money and you claimed the child tax credit, do not worry just yet. The IRS says they have to wait until mid February to start giving out refunds involving the additional child tax credit to make sure they are not giving money to the wrong people. You can check when your refund might arrive by using the IRS Where is My Refund tool.
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