Refunds Held Up for Earned Income Tax Credit and Additional Child Tax Credit Filers

The IRS will begin to release Earned Income Tax Credit (EITC) and Additional Child Tax Credits (ACTC) refunds starting Feb. 15. However, the IRS cautions taxpayers that these refunds likely won’t arrive in bank accounts or debit cards until the week of February 27 — if there are no processing issues with the tax return and the taxpayer chose direct deposit. This additional period is due to several factors, including banking and financial systems needing time to process deposits.

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