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By Aliss Higham
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Millions of Americans awaiting their tax refunds may see money arrive in their bank accounts as early as today, according to the Internal Revenue Service (IRS).
Why It Matters
For taxpayers who claim certain credits, refunds are often delayed beyond the typical timeline. But the IRS says many people who meet specific requirements are now receiving their payments if they have already filed.
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More than 40 million tax returns have already been filed this season, and this has been a bumper year for those getting refunds. The average refund currently stands at $3,804—more than 10 percent higher than at the same point in 2025.
Why Some Refunds Take Longer
Those who claim the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC) are subject to additional timing rules. By law, the IRS cannot issue refunds to taxpayers who claim these credits before mid-February. The restriction applies to the entire refund amount, not just the portion linked to the credit.
The EITC is a refundable tax credit designed to benefit low- to moderate-income workers, particularly families with children. Because it is refundable, eligible filers can receive money back even if they owe no federal income tax. The amount depends on income, filing status and the number of qualifying children. The IRS estimates around 24 million filers are eligible for the EITC.
The ACTC allows families who qualify for the Child Tax Credit but do not owe enough tax to claim the full benefit to receive part of the remaining credit as a refund, provided they meet income and earnings thresholds.
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Refunds on the Way
According to the IRS website, refunds are now being dished out to eligible filers.
The federal website reads: “If you claimed the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC) and have already filed your taxes, you can expect to get your refund by March 2 if: You file your return online You choose to get your refund by direct deposit We found no issues with your return.”
The agency added that some taxpayers could see their refunds arrive a few days earlier than that date.
For most early EITC and ACTC filers, the IRS’s “Where’s My Refund” tool was expected to show an updated status by February 21.
However, the IRS cautioned that even once a refund is issued, timing can vary. Financial institutions may need additional time to process direct deposits or load funds onto debit cards. Many banks do not handle payments on weekends or federal holidays, which can also affect when money becomes available.
What Happens Next
If you haven't yet filed, tax season remains open until April 15.
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