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Tax Refunds Soaring in 2024: Americans Taxpayers Receive Relief of EITC and CTC Credits!
IRS Issues Millions in Refunds Despite 2024 Tax Season
$28.9 Million Taxpayers Receive Relief Between EITC and CTC. (PHOTO: Rutgers University)
In 2024, Americans taxpayers receive relief from their taxes compared to before. This is because of two credits called the EITC and the CTC. The IRS started sending out refunds later this year compared to last year they’re still sending out a lot of money. By late February they had already sent out almost 29 million refunds although this was less than last year at the same time according to the publish article of CNET.
READ ALSO: Capitol Hill As Tax Season Approaches: Brace For Stress!
IRS Promises Tax Refunds in 21 Days
Tax refunds for electronically filed returns with direct deposit typically arrive within 21 days, but delays may occur due to the later start of tax season. Utilize the IRS refund tracker for updates. Priority is ensuring timely refunds for eligible individuals.
READ ALSO: IRS Reports 29% Decrease In Average Tax Refunds For 2024: What You Need To Know
