Settle down, excited tax-return filers — there's been a delay1/9/2013
Don't start spending that tax refund. The IRS won't start taking most 2012 returns until Jan. 30 — eight days after the originally anticipated date — to allow time to adjust to the American Taxpayer Relief Act's new provisions. Delayed filing, of course, means it could take longer to get your hands on any refund you're owed. For 20 million taxpayers filing more-complicated returns, the slowdown could be even greater: The IRS may not accept those returns until late February or early March. The IRS insists the delay isn't a big deal, as only 3 million of those people would probably have been ready to file before February or March anyway. Taxation procrastination abounds. [Source]
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What will you do with the money if you get a refund?