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Tax season and credit delays

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Tax season got a late start this year because Congress delayed passing laws. Many tax services are now starting to get a steady flow of clients.. but some might not get their returns back as quick as they'd like.

The IRS is saying this year it may take two to three weeks to get your tax return back. But, some people have received their money in a week's time. And there are some other things to also keep in mind when filing this year.

"Some things have been delayed, there's quite a lot of things actually."

Rosie Dunn Woodard just learned this weekend, the IRS is now accepting forms for education credits. But many others are delayed until the end of February or beginning of March, like work opportunity credits and Federal tax paid on fuels.

Business also didn't start booming for many tax preparers until the first week of February. "Congress was slow to pass the laws so the IRS did not have enough time to get their program working in order to open in the middle of January which is what they usually do."

Dunn Woodard says there are some changes besides those credit delays. For example, tax preparers are having to scrutinize eligibility for credits like the earned income credit and education credit. "Last year, to get an education credit you showed me a tuition statement and I put one number on your tax return. This year I have a whole page of questions to ask."

She also says one of the biggest mis-understandings is about claming medical bills."You have to spend more than 7 and half to 10 percent of your income before the medical starts to count."

Despite the delay for the IRS, Dunn Woodard says it's working hard to get refunds back promptly. "Congress is talking about taking away many of the benefits and credits. That was the debate, most are still in place."

Dunn Woodard says many employers didn't get W-2 forms out as quickly this year because the of the IRS delay. Many tax services are now open 6 and 7 days a week to start filing taxes.

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