IRS: Many EITC, ACTC Refunds Arriving Soon

Internal Revenue Service press release --------- As the Internal Revenue Service begins releasing refunds for taxpayers who claimed the Earned Income Tax Credit and the Additional Child Tax Credit, the agency reminds them that many of these refunds should arrive in bank accounts or on debit cards this week. That is if they chose direct deposit and there are no other issues with the tax return. Several factors, including weekends, Presidents Day and the time banks often need to process direct deposits can impact the time it takes taxpayers to receive their refunds. By law, the IRS could not issue refunds before mid-February for tax returns that claim the Earned Income Tax Credit or the Additional Child Tax Credit. To learn more click on the picture below to read the release.