New Tax Filing Changes
POSTED: Monday, January 14, 2013 - 5:53pm
UPDATED: Tuesday, January 15, 2013 - 9:42am
MCALLEN — By now you are probably receiving your W-2 forms and even preparing your 2012 tax returns, But the IRS says late changes to federal tax laws means a short delay for most taxpayers and this could mean that your return money could come late.
Irma Trevino is a Spokeswoman for the IRS and she says, "The IRS is making some changes and updating our tax computer systems to process our tax returns by January 30th."
The IRS announced this delay late Tuesday, so for those looking forward to spending their tax refund on that new flat screen or family vacation, uncle sam is making you wait.
Maggy Harbich of McAllen says she likes to file early, but this time around she has no choice but to wait. Harbich says, "I think it can be very frustrating because we have a lot of things to pay especially the real estate taxes, alot of times we use that money to pay those real estate taxes."
Following the January tax law changes made by congress under the American Taxpayer Relief Act, the IRS announced that they will use the holdup as a time to update and test their systems. And while it's not mandated to file electronically, it does have alot of advantages. Moreover, if you chose not to e-file and do it the old fashioned way by paper and pencil that can further
The IRS says the changes will affect more than 120-million households including those claiming state and local sales tax deductions, higher education tuition and fees deduction, and educator expenses deduction.