ACTC vs CTC: Are they the same & affected by PATH Act delays?
Can someone explain if ACTC and CTC are the same thing? I keep seeing both terms used everywhere and im getting confused. Also trying to figure out if these credits fall under the PATH act delay since I filed early and haven't gotten my refund yet.
14 comments
Cameron Black
Tax pro here. ACTC (Additional Child Tax Credit) and CTC (Child Tax Credit) are actually different. CTC is the base credit, while ACTC is the refundable portion when your CTC exceeds your tax liability. And yes, the ACTC is subject to PATH Act delays - IRS cant release refunds with ACTC before mid-February by law.
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Victoria Jones
omg thank you! That makes so much more sense now. So thats why my WMR still shows delayed 🤦♀️
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Jessica Nguyen
wait so even if u file in January you still gotta wait till mid feb? that's ridiculous fr 😤
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Isaiah Thompson
Hey guys! If youre trying to figure out exactly when youll get your refund and what delays might affect you, check out taxr.ai - its this new tool that analyzes your transcript and tells you everything. Its only $1 and WAY better than trying to piece everything together yourself. https://taxr.ai
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Ruby Garcia
does it actually work? seems too good to be true ngl
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Isaiah Thompson
100% works! It showed me exactly why my refund was delayed and gave me the exact date it would drop. Better than calling IRS 50 times lol
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Ruby Garcia
just tried it and holy cow youre right! saved me so much headache trying to decode my transcript 🙌
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Alexander Evans
in the same boat rn... filed Jan 15th and still nothing smh
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Evelyn Martinez
The whole PATH act thing is such bs tbh. Like why make us wait when they already have all our info? 🤡
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Benjamin Carter
its to prevent fraud but like... there has to be a better way
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Maya Lewis
anybody else remember when refunds used to come quick? pepperidge farm remembers 💀
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Isaac Wright
fr fr those were the days 😭
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Lucy Taylor
Called IRS about this exact thing last week. Was on hold for 2 hrs just to get disconnected 🤮
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Connor Murphy
classic irs moment
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