Early Tax Filers: How Child Tax Credit or EITC Could Mean a Refund by March 1

A husband and wife are sitting together at their dinner table and are balancing their budget.
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Some early tax filers already received their income tax return, but if you claimed the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC), there’s a longer wait. Hopefully not much longer, though.

See: Here’s How Americans Are Planning To Use Their Tax Refunds in 2022
Find: Tax Refunds: Early Returns Are In, and Refunds Are Higher This Year (So Far)

Refunds that include these credits can’t be issued until mid-February, The Motley Fool reported. The IRS needs time to verify eligibility and prevent errors and fraud. However, some filers who claimed these credits could see a refund as soon as March 1, 2022. 

If you claimed the EITC or ACTC, you can expect your refund by March 1 if you filed your return online, chose to receive your refund as a direct deposit, and the IRS found no issues with your tax return. The Motley Fool also noted that it could take a few extra days for your bank to refund payment.

Make Your Money Work

To get a better idea of when to expect your refund, you can use the ‘Where’s My Refund?’ tool on IRS.gov and the free IRS2Go app. The IRS will regularly update these tools with projected deposit dates for most early EITC/ACTC refund filers. You can also use these tools to track your tax refund even if you file later in the season.

Be Ready: 5 Ways To Prepare For a Possible Tax Refund Delay
Taxes in 2022: Everything You Need To Know About Filing, Refunds and More 

According to the IRS, you can check the status of your refund within 24 hours after your e-filed tax return is received or four weeks after mailing your paper return. If it has been 3 weeks or more since you filed electronically or 6 weeks since you mailed your return, you can call the IRS for more information about your tax refund.

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About the Author

Josephine Nesbit is a freelance writer specializing in real estate and personal finance. She grew up in New England but is now based out of Ohio where she attended The Ohio State University and lives with her two toddlers and fiancé. Her work has appeared in print and online publications such as Fox Business and Scotsman Guide.

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