With the Internal Revenue Service now accepting 2024 tax returns some taxpayers are already counting down the days until they receive their refund. However, the IRS says taxpayers who claim a pair of tax credits might be waiting longer than anticipated to receive their money.

If you're claiming a Child Tax Credit or Earned Income Tax Credit on your 2024 tax returns, you may get your refund later in the season than other filers — even if you filed first. Here's why.

The EITC is “one of the federal government’s largest refundable tax credits for low- to moderate-income families,’ the release explains. The IRS estimates that about 23 million eligible workers and families received about $57 billion in EITC nationwide when filing for 2023.

Low-income households in the United States rely on social programs and tax rebates to help their budgets, and one of the financial supports is the Child Tax Credit (CTC). The CTC a

A taxpayer who submits an electronic return with the direct deposit can expect to receive their money within 21 days.

Wondering what the different tax credits are and if you're eligible to claim any? Here's our guide to who can benefit from them and how to claim them.