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Early Tax Filings Could be Delayed by New Law

Internal Revenue Service officials say recent legislative changes to the federal tax code could cause some delays among taxpayers who decide to file their returns early.  Spokesperson Peggy Reilly says changes to a number of itemized deductions mean some returns will not be processed until mid to late February.  However, Reilly notes many of the residents affected by the new laws probably would not have filed until February anyway.

“Those include taxpayers that are gonna take three recently reinstated deductions”,  says Reilly, ” and those include the deduction for higher education tuition and fees, the educators expense deduction and the state and local sales tax deduction.”

Reilly recommends using an online tax services like Turbo Tax… because many of these providers have already incorporated the changes into their systems.  The delays are most likely to affect those claiming itemized deductions.

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