Millions of households that hustled to get their tax returns to the IRS early could be waiting until March for their refunds.
If you’re claiming the additional Child Tax Credit (CTC) or the Earned Income Tax Credit (EITC), the IRS cannot issue your refund before mid-February. An anti-fraud law requires the agency to use that additional time to review those returns to prevent refunds from being issued to scammers.
That means these families could be waiting until the first week of March before their refunds hits their bank accounts.
Where’s My Refund? Most refunds are issued with in 21 days.
