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The PATH Act (Protecting Americans Against Tax Hikes) was designed to help combat tax refund fraud that was estimated to be costing the government over $100 million each year. An analysis found that a lot of fraud was being conducted using "refundable tax credits".
Tax credits reduce your tax liability dollar for dollar - and refundable tax credits can give you more money back than you even paid in taxes. This makes them prime for fraud.
However, the result of the Path Act is that individuals and families who file tax returns claiming these credits have to wait. They will see their tax refunds delayed.
Here's what you need to know about the PATH Act and when you can expect your tax refund if you claim PATH Act impacted tax credits.
