THE first batch of child tax credit refunds totaling $5.3 million will be released on Friday, Gov. Arnold I. Palacios and Lt. Gov. David M. Apatang announced Wednesday.
In a statement, the governor said the Division of Revenue and Taxation, which is under the Department of Finance, will release the first batch of child tax credit refunds for tax year 2022, comprised of 3,000 taxpayers. About 1,000 are for direct deposit.
Those choosing direct deposit will receive their refunds on June 2, 2023 while those opting for checks should allow three to five working days for the U.S. Postal Service to sort and distribute mail.
If direct deposit bank information has errors, the refund will be converted to check.
The Division of Revenue and Taxation, for its part, will continue to process tax refunds on a biweekly basis to allow for the processing of government payroll and other payables.
Governor Palacios and Lt. Gov. Apatang thanked the Department of Finance-Division of Revenue and Taxation team “for their diligence and hard work in processing the child tax credit refunds.”
Palacios and Apatang also asked the public to continue to exercise patience as the refund process continues.
For questions regarding tax refunds and the child tax credit, contact the Revenue and Taxation Call Center at (670) 664-1040.
Gov. Arnold Palacios, left, and Lt. Gov. David M. Apatang.
