If you are eligible to claim the Earned Income Tax Credit or the Child Tax Credit on your 2021 tax returns, you may not receive your refund as quickly as you expected, even if you file right away. The IRS has put out a notice informing taxpayers that, by law, the agency cannot issue EITC or CTC refunds before mid-February.
Tax Refund Delays: New Laws, Backlogs and Fewer Employees Could Force Setbacks
Find: Less Than 10% of Women Will Be Investing Their Tax Refunds: Here’s What They Plan To Do Instead
This includes the entire refund, the notice says, not just the portion related to the Earned Income Tax Credit or the Child Tax Credit.
However, the IRS said that you should expect to see your refund on or around March 1 if you filed properly. Doing these four things can help speed up the process:
File online.
Choose direct deposit for your tax refund.
Make sure to include the Social Security Numbers for you, your spouse, and any qualifying children or dependents. These numbers must be valid and have been issued before the due date for the tax year.
Ensure your tax return is error-free (if the IRS find an issue with your return, it could hold up your refund).
Learn: Check the Status of Your Refund on the IRS App
Find Out: How To Boost Your Odds of Getting a Tax Refund Going Forward
If you followed these steps and filed early, you could receive your refund by Feb. 19, 2022, the IRS said. To check the status of your refund, visit the Where’s My Refund page on the IRS website or download the IRS2Go app for your mobile device.
More From GOBankingRates
Experts: Here's How Much You Should Have In Your Checking Account
5 Bulk Food Items You Need To Be Buying at Costco This Winter
In the Market for a New Home? Do These 4 Things to Prepare
35 Useless Expenses You Need To Slash From Your Budget Now
This article originally appeared on GOBankingRates.com: The Child Tax Credit Is Slowing Down Your Refund – Here’s Why
Source: Read Full Article
