Child Tax Credit: When Will the IRS Start Refunding Your Credit Money this Tax Season?
Source: CNET
For those early birds this year who've already submitted their tax returns, the IRS has sent back $13 billion in refunds. (Here's how to check the status of your refund.) If you've filed and claimed the child tax credit or the earned income tax credit, perhaps you're still waiting for your refund. Why? The IRS, by law, is required to wait until the middle of February at the earliest to process and send credit money.
With lots of news around the child tax credit this year, including 15 states that also have a credit, and Congress working on an expanded credit, we'll explain when you can expect your refund if you are claiming a credit.
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