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For the Child Tax Credit in 2022, When Will the IRS Release Refunds for Those Having CTC?

Many persons in the United States have benefited from the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC), but others are still entitled to a refund. If you submitted your return online, selected direct deposit as your method of payment, and had no problems with it, you should get your refund by March 1, 2022.

In certain cases, your refund may arrive a few days earlier than expected. The ‘Where’s My Refund’ function on IRS.gov is a good place to look for your unique refund date.

It’s possible that your bank institution will take longer to process your direct deposit or debit card if it occurs on a weekend or holiday, as many financial institutions do not handle payments on these days. You should keep this in mind because it might affect how soon you get your refund.

What happened to my refund?

To ensure that you receive your whole refund, and not only the portion related to your tax credit claim, the IRS is prohibited by law from processing EITC and ACTC claims prior to mid-February. Your tax return may require additional information if you took advantage of either the EITC or ACTC. An official letter will be issued to let you know.

Your return status may be checked by looking up your refund status on the IRS2GO app or by using the “Where’s My Refund” function listed above. If you were able to submit your taxes early, you may expect your EITC and ACTC applications to be deposited by February 19.

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Michael M. Sharp

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