where's my refund fact sheet | Earned Income Tax Credit (2024)

FAQs

What day will the IRS release EITC refunds? ›

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If you claimed the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC), you can expect to get your refund by February 27 if: You file your return online.

To use Where's My Refund?, taxpayers must enter their Social Security number or Individual Taxpayer Identification number, filing status and the exact whole dollar amount of their expected refund from the original tax return for the year they're checking.

- Have your tax return handy so you can provide your social security number, filing status and the exact whole dollar amount of your refund. It's Available! - It's available 24 hours a day, 7 days a week. If you do not have internet access, call IRS's Refund Hotline at 1-800-829-1954.

If you filed Form 1040-PR or Form 1040SS, the refund amount is found on Line 14a.

How can we help? If you claimed the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC), the IRS shows your refund will be released mid-February. Refunds should be available in your account by the first week of March if you chose direct deposit and there are no other issues with your tax return.

If you file electronically, most refunds are processed within 21 days after the receipt. If you mail your paper return, it may take up to 4 weeks to get processed. You can click here to find out when you will receive the EITC refund.

To use Where's My Refund?, taxpayers must enter their Social Security number or Individual Taxpayer Identification Number, their filing status and the exact whole dollar amount of their refund. The IRS updates the tool once a day, usually overnight, so there's no need to check more often.

You can't claim the EIC unless your investment income is $11,000 or less. If your investment income is more than $11,000, you can't claim the credit. Use Worksheet 1 in this chapter to figure your investment income.

Tax season began on Jan. 29, 2024, when the IRS started accepting and processing 2023 tax returns. Taxes were officially due on April 15, 2024, and millions of Americans are eagerly anticipating getting money back.

Why is my federal tax refund $0? ›

The result should be that your tax refund is a small amount – ideally zero. A zero-tax refund actually means you're doing something right. Financial experts espouse that this is a good thing because you haven't given the IRS the use of more money through withholdings each month than you'll owe.

Navigate to the "Tax Records" section and click "View Tax Records." Select "Get Transcript Online" and choose a reason for needing the transcript. Browse through available transcripts for prior tax years and select the account transcript for the desired year.

The IRS says that tax returns can be delayed for the following reasons: It was sent by mail. It contains errors or is incomplete. It needs further review.

Most refunds issued in less than 21 days; EITC refunds for many available starting February 27.

For early filers, the IRS told CNET that most child tax credit and earned income tax credit refunds would be available in bank accounts or on debit cards by Feb. 27 for taxpayers who have filed and chose direct deposit -- and there are no other issues with their return.

If you go for direct deposit, file online, and make sure your return is error-free, the IRS says you should see your refund in your account by February 27, 2024.