Are you one of those people who like to file early and get your hands on your refund? Well you may have some difficulties this tax season. Since Congress continued delaying the finalizing of the 2012 tax rules will cause additional delays with the filing season.
Because the taxwriters are not expected to act until mid-December at the earliest; we will have to wait for them to reinstate a set of tax provisions that expired after 2011. The IRS expects it will have to delay accepting some returns until mid-February.
These delays will affect itemizers and anyone deducting teachers’ supplies or college tuition.
Refunds obviously will be delayed for millions of filers as well.
There is also the possibility of additional delays for identity fraud prevention.