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IRS Delays Tax Credit Refunds
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IRS announces tax credit refund delays for certain families until February 27th, 2024, due to changes in the PATH Act. The delay affects EITC and ACTC claimants, resulting from increased income phase-out thresholds and other changes.
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How might the delay in tax credit refunds impact the financial stability of families?
What are the potential long-term implications of the changes in tax credit thresholds?
What measures can the IRS take to expedite the processing of tax credit refunds?
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