The Internal Revenue Service says most taxpayers awaiting refunds who claimed Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) on their 2021 returns may expect to have the money by Tuesday.
MORE THAN HALF OF AMERICANS WORRY ABOUT TAX REFUNDS
Under the Protecting Americans from Tax Hikes Act, known as the PATH Act, first-time filers who apply for the EITC or ACTC may see a delay in receiving refunds as the law seeks to give the longer IRS to process these returns since identity thieves often claim one or both credits.
Due to PATH law, people applying for EITC or ACTC cannot receive their refunds until mid-February. But this tax season, as the pending agency faces greater delays than in previous years, the IRS says most people who have claimed one or the other or both on their tax returns 2021 are expected to receive their refunds on March 1 provided they filed their returns online and elected to receive the funds by direct deposit.
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The IRS expects all refunds to be issued within 21 days of filing the return this season, except for delays such as the agency finding errors on the return or flagging it for theft. identity or fraud issues.