"2024 Child Tax Credit Expansion: Impact and Timeline for Families"
TL;DR Summary
Taxpayers claiming additional credits like the child tax credit and the earned income tax credit may experience delays in receiving their refunds, with most additional child tax credit-related refunds expected to be available in bank accounts or on debit cards by Feb. 27 if taxpayers choose direct deposit and there are no other issues with their tax return. The IRS cannot issue refunds involving the additional child tax credit before mid-February due to the need to prevent fraudulent refunds, and taxpayers can check their personalized refund date using the Where's My Refund? tool.
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