Taxpayers can now start filing their income tax returns for 2024. The Internal Revenue Service started accepting federal individual tax year 2024 returns on Monday, Jan. 27 and has already received millions of tax returns nationwide,

In the United States, low-income households often rely on social programs and tax refunds to balance their budgets. One significant financial support is the Child Tax Credit (CTC), which helps reduce tax bills dollar for dollar.

A taxpayer who submits an electronic return with the direct deposit can expect to receive their money within 21 days.