IRS Electronic Tax Refund Status – The IRS will start processing the electronic returns with child tax credit for the year 2022 latest by 1st March. The Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC) in the United States is the welcome benefits for many and there are many who have n’t get the refund yet.
A recent tweet by IRS has mentioned that the refund will be paid by March 1, 2022, if you filed your return online, you chose to receive your refund by direct deposit and there were no issues with your return.
It is possible that you could receive your refund a few days prior to this date, though. In order to see your personalized refund date, it is worth checking the ‘Where’s My Refund’ tool on IRS.gov. or check IRS Electronic Tax Refund Status via the IRS2GO app.
The delay in generating the refund may be due to your financial institution might take some extra time when it comes to your direct deposit or issuing a debit card, as many institutions do not process payments if it falls on a weekend or a holiday. Therefore, it is important to bear in mind that this could have an impact on how quickly you receive your refund.
IRS Electronic Tax Refund Status
The IRS is unable to issue EITC or ACTC refunds because of the law, and this includes the entire refund. If you were one of those people who claimed the EITC or ACTC, the IRS may require more information from you about your return. If this is the case, you will be sent a letter.
The applications for most early EITC/ACTC filers have an estimated deposit date by February 19 if you were able to file your taxes ahead of schedule.