The IRS provided information about the release of the child tax credit (CTC) and the earned income credit (EIC) in advance so that taxpayers could prepare for it. They want to put those returns through some checks and balances before releasing the refund.
- The IRS expects the earliest EIC and additional CTC related refunds to be available in taxpayer bank accounts or on debit cards by March 1 if they chose direct deposit and there are no other issues with their tax return. However, some taxpayers may see their refunds a few days earlier.
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