This IRS FAQ states:
If you claimed the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC), you can expect to get your refund March 1 if:
- You file your return online.
- You choose to get your refund by direct deposit
- We found no issues with your return
However, some taxpayers may see their refunds a few days earlier. Check Where’s My Refund for your personalized refund date.
Additionally, your financial institution may need time to accept your direct deposit or issue a debit card. Many institutions don’t process payments on weekends or holidays. So, if you file early, be aware of Federal and local holidays that may affect how soon you get your refund.
Why We Hold Your Refund
By law, we cannot issue EITC or ACTC refunds before mid-February. This includes your entire refund, not just the part that’s related to the credit you claimed on your tax return.
If you claim the EITC or ACTC, we may need more information from you about your return. If we do, we will send you a letter.