You Can’t File Taxes Till February

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Congress' dithering over the fiscal cliff means the IRS had to update a bunch of forms and rules, pushing back its schedule. Some will have to wait even longer.

From the IRS itself

The IRS will begin accepting tax returns on [Jan. 30] after updating forms and completing programming and testing of its processing systems. This will reflect the bulk of the late tax law changes enacted Jan. 2. The announcement means that the vast majority of tax filers — more than 120 million households — should be able to start filing tax returns starting Jan 30.

But if you’re filing  for residential energy credits, depreciation of property or general business credits, you’ll have to wait even longer, possibly not until March. The deadline remains April 15.

Stacy Johnson

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