NASHVILLE, Tenn. (WTVF) — Millions of Americans will start to receive their tax refunds this week, but there could be some delays if you claim the Child Tax Credit or the Earned Income Tax Credit.
Taxpayers who filed early in the tax season, which began January 24, and claimed either of those two tax credits are still likely to receive their refund checks this week, according to the IRS. Specifically, the IRS said taxpayers who filed electronically, chose to get their refund by direct deposit, and were not identified by the IRS as having a problem on their returns could see their refunds by March 1.
Taxpayers claiming one or both of the tax credits who ask for paper checks may have to wait several days for the money to show up in the mail, even if they filed electronically. The IRS usually takes a little longer processing these returns to try and catch potential fraud.
On average, more than 30 million families claim the Child Tax Credit and about 25 million people claim the Earned Income Tax Credit.
Most U.S. taxpayers are expected to get their tax refunds within 21 days of filing their returns.
Data suggests most Americans still haven’t filed their taxes.
The filing deadline is April 18. You can check the status of your refund online on the IRS website.