If their return is correct, an individual may get EITC Tax Refund Dates 2024 from $600 to $7,430 by February 27, 2024. Incomes under $63,698 qualify for the Earned Income Tax Credit.
EITC Tax Refund Dates 2024
Filers who are seeking earned income tax credit (EITC) would still have to wait longer despite all of this. The IRS has verified that customers’ bank accounts would only receive these reimbursements around February 27, as required by law.
The IRS began receiving and processing income tax returns on January 29, 2024. The deadline for submitting taxes is April 15, 2024, however, it might be adjusted due to weekends and state holidays. Refunds for filing paper taxes may not be processed for up to 30 days.
You may submit an EITC return by October 15, 2024, for an additional six months if you ask for an extension. If you just filed your taxes and are expecting an EITC return, waiting periods of up to 21 days can be applicable.
EITC Refund 2024 Amount
The tax credit for tax returns submitted in 2024 may vary from $600 to $7,430 depending on the number of children, income, and filing status.
Tax returns submitted before April 15, 2024, must include an earned income tax credit claim for the 2023 tax year. If your income was less than $63,698 and you worked or were self-employed, you may claim the Earned Income Tax Credit (EITC) by submitting a tax return.
How to Claim an EITC Refund?
A lot of steps are required to get the EITC (Earned Income Tax Credit):
