EITC/ACTC Refund Dates 2024 – Check the Status and Amount!

Taxpayers who have filed their tax returns in the 2024 tax season with Earned Income Tax Credit and Additional Child Tax Credit can expect their refund soon. According to the IRS, the EITC/ ACTC tax refunds will proceed by 27 February 2024 for the early filers.

EITC/ACTC Refund Dates 2024

The federal tax season began officially on 29 January 2024. Early filers may have already gotten the tax refund as the IRS claimed that most of the tax refunds filed electronically will get processed within 21 days or less.

 However, the taxpayers who have filed their tax returns claiming the EITC/ ACTC benefits have to wait till mid-February as the IRS abides by federal PATH law. Under the PATH law, the agency cannot proceed with tax refunds of EITC/ACTC till mid-February. 

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Now that we have passed the obligation period, the taxpayers who have claimed these additional credits can expect their tax refund soon.

According to the IRS, the taxpayers who have claimed the EITC/ ACTC can expect their tax refund by 27 February, if their tax returns fall under the following conditions:

• You have filed the tax returns electronically.
• You have selected direct deposit as your method of refund.
• The IRS has not found any error in your tax returns.

However, some early filers can receive their refunds early, they can check their status of EITC/ ACTC tax refund on the “Where’s My Refund?” tool from 17 February. 

Dates	Tax Events
15 February 2024	PATH Act obligations lifted
17 February 2024	EITC/ ACTC refund Status update for the early filers
27 February 2024	Expected EITC/ ACTC refund date

How to track your EITC/ ACTC tax refunds?

As stated by the IRS, the taxpayers claiming the EITC/ ACTC credits can check their status of refund on the IRS tool “Where’s My Refund?” from 17 February.

Follow the below steps to check your EITC/ ACTC tax refund status on the IRS website:

1. Go to the official website of the IRS. https://www.irs.gov/
2. Navigate to the “Refunds” section in the header of the website.
3. In the Refund section, you will find “Where’s My Refund?” click on that.
4. Scroll down to the “Check your Refund” button and click on that.
5. You will land on a new page and fill in the required information, such as tax year, Social Security number, tax filing status, and the exact amount.
6. Once you submit your details, the status of your tax refund will appear on your screen.

You can check your tax refund status on the mobile app of the IRS (IRS2Go) as well. To check your refund status on the IRS2Go app follow the below steps:

1. Go to the IRS2Go app.
2. If you already have an account, you can proceed to the services section of the app.
3. If you don’t have an account on the IRS2Go app, then create your account on the app.
4. On the services section of the app, go to the Refund Status button and click on that.
5. The app will take you to a new page to fill in the information, such as tax year, Social Security number, tax filing status, and the total refund.
6. After the details are submitted on the app, you will be able to see the status of your EITC/ ACTC tax refunds.

The status of your refund is updated by the agency once a day, so there’s no need to check the tax refund status frequently in a day.

How much refund you can expect in 2024 EITC/ ACTC benefits?

The taxpayers claiming the EITC/ ACTC benefits in their tax returns can expect the following refund: 

For ACTC refund:

• The taxpayers can expect an ACTC refund of up to $1700 per qualifying child. In the 2023 tax year, the ACTC claimants have received up to $1600 per qualifying child.

For EITC Refunds:

• The average EITC refund received by the taxpayers is $2541. 
• The taxpayers claiming the EITC benefits in their 2024 tax returns get an EITC refund based on the number of qualifying children. The EITC refunds range:

Qualifying children	EITC refund ranges up to
0	$4 – $600
1	$9 – $3995
2	$10 – $6604
3 or more	$11 – $7430

 The taxpayers looking forward to their EITC/ ACTC refund can expect to receive their refund by 27 February. If you haven’t filed for the EITC/ ACTC tax returns, then file it immediately as the EITC/ ACTC tax returns take time to get reviewed by the IRS. 

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