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.

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.

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

Here is what you should know about the child tax credit for this year's tax season and whether you qualify for it.

Social media posts say a planned overhaul by US President Donald Trump would prevent parents from listing a child as a dependent and receiving dependents' allowance on annual tax returns if they already receive child support.

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.