For the early birds who love to file as soon as they have their W-2s in-hand, sorry, you might have to wait. Congress too long passing legislation affecting 2010 taxes and now the IRS is catching up.
Here are the folks who are more likely to be affected by the delay:
- Taxpayers who itemize or fill out Schedule A
- Taxpayers looking to deduct mortgage interest
- Educators paying out of pocket
- Anyone paying for post-secondary school (include people who paid for college last year)
Many others should be able to file by the end of this month.The little wait will be worth it in the end, it may even put more money in your pocket when you get your tax refund.