The fiscal cliff is still causing headaches for taxpayers. Technically, the IRS kicked off tax season Jan 30th 2013 — a week later than expected, as a result of Congress’s 12th-hour deal — but tax pros say it could be weeks before many Americans can actually file their returns.
Those who need to file Form 8863 to claim credits for higher education won’t be able to file until the middle of February, after the IRS finishes updating its processing systems, officials said Monday. And people claiming residential energy credits, depreciation of property, or general business credits will have to wait even longer — until the end of February at least.
To be sure, the IRS says the majority of taxpayers, or 120 million households, can start filing now.