Understanding Tax Refunds and the Child Tax Credit
How the Child Tax Credit Impacts Your Refund Timeline
As tax season moves along lots of Americans are waiting for their money back from the IRS, according to the published article of CNET. If you’re one of them and claimed the Child Tax Credit or other similar credits and you might be wondering when your refund will come. The IRS can’t start sending out refunds for Americans who claimed these credits until at least mid-February by law. This delay helps ensure that the right amount of money goes to the right Americans. With all the talk about the Child Tax Credit this year it’s important to know when you might get your refund. There are also similar credits in 16 states and Congress is discussing making the Child Tax Credit even bigger.
Understanding Tax Refunds and the Child Tax Credit. (photo: WibliqX)
How to Track Your Child Tax Credit Payment Status Online
Furthermore, IRS is working hard to process refunds but some Child Tax Credit need extra time. By staying updated and using online tools from the IRS you can find out when your refund might show up. This can bring some relief during tax time.
