Posted: Jan 8, 2013 7:18 PM by Michael Marsh
Updated: Jan 8, 2013 7:18 PM
Source: Associated Press
The IRS says late changes to federal tax laws should mean just a short delay for most taxpayers to file their 2012 returns and for most filers the tax filing season beings January 30. About 120 million taxpayers, or about 80% of all filers, should be able to send their returns in by that day. Others will have to wait until late February or early March to file because the IRS needs time to update and test its new system. Those are filers claiming residential energy credits, depreciation of property or general business credits. The filing season changed from January 22 because of the tax package passed by Congress in the fiscal cliff negotiations.