One thing I learned a long time ago is that the money the government has sits in interest accruing accounts. This means that the longer they sit there the more money it generates for them. So it is not in there best interest to approve refunds and process them swiftly as it costs them the interest. Why do you think they release the refunds in waves?
Another thing to remember is this. Your refund is what you overpaid the government by. So think about this. Every time you get paid, a percentage of your money goes to the IRS. You are giving them an interest-free loan that they get to collect interest on over the course of the year. "Then" they may nor may not give you back this money depending on if someone else decides they have a claim to it, garnishments etc. And it gets better. Your money isnt even your money but community money. So imagine that you make $90k a year and your refund for this year is $100 after they determine your taxable income, but your coworker "Baby Factory" makes $25k and gets close to $13,000 for having 4 young children, unmarried. You are in a sense paying child support for children that arent even your own. Welcome to America. EIC is just another excuse they can use to hold onto that money longer and its us taxpayers that are paying for it. Not the rich
