EITC refunds begin; check tax return status online

The Earned Income Tax Credit (EITC) is designed to help low- and moderate-income workers by providing financial benefits. This credit can increase tax refunds, giving eligible individuals extra money each tax season. To qualify for the EITC, certain criteria must be met. Applicants must have earned income and should not exceed a specific amount of investment income. They must file a tax return by the due date, including any extensions. Additionally, applicants cannot file Form 2555, which is for foreign earned income. Once you apply for the EITC, you may wonder when you will receive your refund. If you submitted your return online, the IRS usually processes payments quickly. Generally, refunds can start arriving after your return is filed. The IRS recommends checking your tax return status online for updates. For those who filed their tax returns on time and without errors, many have already received their refunds starting from February 13.