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When can I expect my refund with EIC 2022?

More In Credits & Deductions If you claimed the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC), you can expect to get your refund March 1 if: You file your return online. You choose to get your refund by direct deposit. We found no issues with your return.

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You file your return online

You choose to get your refund by direct deposit

We found no issues with your return

However, some taxpayers may see their refunds a few days earlier. Check Where’s My Refund for your personalized refund date. WMR should show an updated status by February 18 for most early EITC/ACTC filers. Additionally, your financial institution may need time to accept your direct deposit or issue a debit card. Many institutions don’t process payments on weekends or holidays. So, if you file early, be aware of federal and local holidays that may affect how soon you get your refund.

Why We Hold Your Refund

By law, we can’t issue EITC or ACTC refunds before mid-February. This includes your entire refund, not just the part that’s related to the credit you claimed on your tax return. If you claim the EITC or ACTC, we may need more information from you about your return. If we do, we will send you a letter.

How to Track Your Refund

Check the status of your refund:

We update both applications once a day, usually overnight. This means there's no need to check the status more often.

Protecting Americans from Tax Hikes (PATH Act)

The Protecting Americans from Tax Hikes (PATH Act) made changes to the tax law: Refund delays: If you claim the EITC or ACTC, we can’t issue your refund before mid-February. If you claim the EITC or ACTC, we can’t issue your refund before mid-February. Social Security number: You, your spouse and all qualifying children or relatives you claim on your tax return must have a valid Social Security number that was issued before the due date of the year you’re filing for (including extensions). This rule also applies to EITC claims you make when you amend your return or file an original return.

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Why are my 2022 taxes so high?

The IRS has announced higher federal income tax brackets for 2022 amid rising inflation. And the standard deduction is increasing to $25,900 for married couples filing together and $12,950 for single taxpayers.

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The IRS announced higher federal income tax brackets and standard deductions for 2022 amid rising inflation. The consumer price index surged by 6.2% in October compared to the previous year, the biggest jump in more than three decades. As price hikes continue, the IRS has boosted the income thresholds for each bracket, applying to tax year 2022 for returns filed in 2023.

Standard deduction

The standard deduction, claimed by most taxpayers, will also increase for 2022, rising to $25,900 for married couples filing jointly, and to $12,950 for single filers.

Other adjustments

The IRS also made other inflation adjustments, such as changes to the alternative minimum tax, a parallel system for higher earners, and an increased estate tax exemption. Moreover, there's a boost for the earned income tax credit, a write-off for low- to moderate-income families, and higher flexible spending account limits, among other changes. Workers may also save more to 401(k) plans in 2022, according to last week's announcement. But there won't be a higher limit for individual retirement accounts.

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