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Although the IRS will start accepting returns on Jan. 24, you may not get a refund until mid-February – especially if you got child tax credit money.
Early filers can expect to see most refunds related to the earned income tax credit or the additional child tax credit to be in bank accounts or on debit cards by Feb. 27 under key conditions.
Previously, only people who earned enough money to owe income taxes could qualify for the full credit. But as part of the $1.9 trillion coronavirus relief package, President Joe Biden expanded the ...
The 2024 tax season begins Jan. 29, according to the IRS. The federal agency will begin accepting and processing tax returns that day. When are 2023 taxes due in 2024?
e. The United States federal child tax credit (CTC) is a partially-refundable [a] tax credit for parents with dependent children. It provides $2,000 in tax relief per qualifying child, with up to $1,400 of that refundable (subject to a refundability threshold, phase-in and phase-out [b] ). In 2021, following the passage of the American Rescue ...
Those who received $3,600 per dependent in 2021 for the Child Tax Credit will, if eligible, get $2,000 for the 2022 tax year. For the EITC, eligible taxpayers with no children who received roughly ...
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