Summary
Millions of Americans might receive their tax refunds soon, as the IRS has started distributing payments to those who have already filed their taxes. This includes those claiming the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC), whose refunds are generally delayed until mid-February.
Key Facts
- The IRS is distributing tax refunds to Americans who have already filed their returns.
- Over 40 million tax returns have been filed this year.
- The average tax refund amount is $3,804, which is more than 10% higher than in 2025.
- Refunds for EITC and ACTC claimants are delayed until mid-February due to legal requirements.
- The EITC benefits low- to moderate-income workers, and around 24 million are eligible.
- The IRS’s “Where’s My Refund” tool was expected to show updated statuses by February 21.
- Timing for refunds can vary based on the bank’s processing times and holidays.
- Tax season is open until April 15 for those who have not yet filed.
