India, March 3 -- The Internal Revenue Service has shared an important update for millions of taxpayers who are still waiting for their tax refunds, with payments worth as much as $8,046 at stake.

The update mainly impacts people who claimed the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC). The IRS had already warned that refunds for these taxpayers could be delayed because of the PATH Act.

Under this law, the IRS must hold refunds until at least mid-February to help prevent fraud.

"This includes your entire refund, not just the part that's related to the credit you claimed on your tax return," said the IRS.

"If you claim the EITC or ACTC, we may need more information from you about your return. If we do, ...