Families Urged to Take Action if Child Tax Credits are Delayed

As the Child Tax Credits (CTCs) aim to provide financial relief to families with children under 17, some recipients may find themselves wondering what to do if their expected refund has not yet materialized. Here’s a guide on steps to take and potential reasons for delays.

CTCs serve as vital financial assistance for qualifying families, offering a credit for each eligible child below the age of 17. However, delays in receiving these refunds can be a cause for concern. If you’re in this situation, consider the following steps:

1. Verify Eligibility: Ensure that you meet the eligibility criteria for Child Tax Credits. Eligible families should receive financial support to help cover the costs of raising children.
2. Check IRS Updates: Regularly check the Internal Revenue Service (IRS) website for updates on CTCs payments. Delays can occur for various reasons, and staying informed about any changes is crucial.
3. Use IRS Resources: The IRS provides online tools, helplines, and resources to assist individuals in checking their payment status and addressing any issues. If you believe you are eligible and haven’t received your refund, utilize these resources.
4. Update Information: Ensure that your information, including your address and bank account details, is up to date with the IRS. Outdated information could contribute to delays in receiving CTCs payments.
5. File Taxes Promptly: If you haven’t filed your taxes or provided necessary information to the IRS, this could lead to delays in receiving your Child Tax Credits payment. Promptly file your taxes and submit the required details to avoid unnecessary delays.

Expected Refund Timeline: CTCs refunds for the tax year 2023 are anticipated to be delivered by February 28, 2024. This timeline applies to individuals who have claimed the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC). Refunds chosen to be delivered via direct deposit or filed online without issues are likely to meet this deadline.

Check Your Refund Date: To determine your personalized refund date, use the “Check Where’s My Refund” tool. This tool allows claimants to view their specific refund date, with updates expected to be provided by February 18 for most early EITC/ACTC claims.

As families navigate the tax season, staying informed and proactive is key to ensuring the timely receipt of Child Tax Credits refunds. By taking the necessary steps and utilizing available resources, recipients can address potential delays and access the financial support they are entitled to.