You may find your Federal tax refund delayed if you claimed the Earned Income Tax Credit or the Additional Child Tax Credit. The IRS states:
You can expect to get your refund by the first week of March if:
- You file your return online,
- You choose to get your refund by direct deposit,
- We found no issues with your return.
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 can’t issue your refund before February 15. 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.
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