Families with Kids or Low Incomes Brace for Potential Delayed Child Tax Credit – Tax Season’s End Approaches
Mid-February Marks the Beginning of Child Tax Credit for Specific Taxpayers – IRS Schedule Shift
According to CNET, as tax season is ending many Americans are waiting for their child tax credit especially those who have kids or low incomes. These folks might have to wait longer because the IRS couldn’t start sending out child tax credit for them until around mid-February.
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$2,000 Per Kid: Child Tax Credit Countdown for Families on Edge as IRS Deadline Looms – Are You Eligible? (PHOTO: Marca.com)
Child Tax Credit and the IRS‘ “Where’s My Refund” Tool: Navigating Tax Season Amidst Legislative Changes
The child tax credit gives families a tax break for each kid they have up to $2,000 per child. But only part of the child tax credit can be given back if you don’t owe much in taxes. It’s called the additional child tax credit and this year it’s $1,600. If you’ve already filed your taxes and chose to get your child tax credit directly deposited you should expect to get your child tax credit refund by February 27 unless there’s a problem with your return. But if you’re still waiting you can check when it’s coming using the IRS‘ Where’s My Refund tool. It’s important to keep up with tax news especially with talks in Congress about making changes to the child tax credit.
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