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Taxpayers Waiting on Increased Child Tax Credit: Expect to Wait

Taxpayers who are hoping to cash in on the newly increased child credit may have to be patient.

Those waiting for the credits might have to wait until as late as July.

That’s the deadline for the massive $1.9 trillion relief law.

The IRS says they’re swamped with not only regular tax season, but also the $1,400 stimulus payments.

The IRS Commissioner Charles Retting says he can’t even think about working on a portal for people to claim those credits until the newly extended tax filing deadline of May 17 passes.