ACTC Tax Refund Dates 2024

There will be a wait for early filers who want to claim the extra child tax credit (ACTC) refunds in 2024. The legislation requires the IRS to hold those refunds until mid-February, so according to the IRS, taxpayers won’t be able to get their money until approximately February 27.

ACTC Tax Refund Dates 2024

The majority of taxpayers who file online, according to the IRS, get their refunds in less than 21 days. Families that claim the Additional child tax credit, in particular, will have to wait longer to get these payments for the 2023 tax year.

Taxpayers who wish to claim any of these credits may do so now, as the 2024 tax year officially began on January 29. But according to the IRS, the majority of taxpayers who file for the ACTC and anticipate a refund won’t get their money back until at least February 27.

Furthermore, the earliest date is only applicable if the taxpayers selected direct deposit and “no other issues with their tax return.” It should be noted that the whole refund that a taxpayer is entitled to receive, not just the portion obtained through the ACTC is subject to this delay.

How much ACTC Tax Refund 2024 will receive?

The ACTC is a refundable tax credit with a maximum value of $1,600 per kid in 2023 and 2025 that may be used if a taxpayer’s child tax credit exceeds their overall tax liability.

To be eligible for the ACTC, your income must have been at least $2,500. For 2023 and 2024, you can get a refund of up to $1,600 of the $2,000 CTC per child du