IRS says some taxpayers can expect refund by March 1

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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.

Income tax form 1040 and w-2 wage statement with a refund check from the federal treasury. Close up with selective focus. (iStock/iStock)

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.

IRS

A man enters the Internal Revenue Service (IRS) building in Washington, DC, U.S., Friday, May 7, 2010. (Photographer: Andrew Harrer/Bloomberg via Getty Images) (Andrew Harrer/Bloomberg/Getty Images)

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.

tax office

The reflection of a pedestrian walks past an Internal Revenue Service (IRS) office building in the East Harlem neighborhood of New York City. (Photographer: Timothy Fadek/Bloomberg via Getty Images/Getty Images)

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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.


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