How Long Does Refund Take With Child Tax Credit. If you have the earned income tax credit or additional child tax credit, your refund does not start processing until february 15. Rather than functioning like a deduction, the child tax credit operates as a tool that works toward reducing the amount you pay in taxes.
How does a refund affect your credit card account?
New this year, tax refunds will be delayed until february 15 if you claim the earned income tax credit or the additional child tax credit. Deductions lower your taxable income (and reduces your tax 39. The more tax deductions and credits you claim on your annual tax return, the longer you wait for your refund. In this case the child tax credit's limited refund would kick in.
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