Will my refund be delayed with child tax credit?
Claiming the Earned Income Tax Credit or the Child Tax Credit will slow down your tax return due to regulations designed to deter fraud, but that means people who claim those credits and filed their returns on January 24 or close to that date may not receive their refund until early March, the IRS said.2 days ago
How long is IRS processing time?
Once you have filed a complete paper tax return that contains no errors, you can expect your refund to be issued by the IRS roughly six to eight weeks from the date that they receive your return.2 days ago
What is the difference between the additional child tax credit and the child tax credit?
The child tax credit allows taxpayers to claim a tax credit of up to $1,000 per qualifying child under the age of 17. The additional child tax credit may give a taxpayer a refund even if they do not owe any tax. Taxpayers must meet additional requirements to claim this credit.