Posted byon December 21, 2012
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Update: There will be new delays for 2013 tax returns (due in 2014). See the current IRS filing delays for more information.
Are you planning to file your 2012 tax return early and worry about getting your refund? Yes, there will likely be tax refund delays again this year. Because of the delays in resolving the fiscal cliff and the Alternative Minimum Tax (AMT) the IRS is already warning about significant delays.
According to a letter from the IRS Commissioner, there could be a delay again this year.
Latest Update: The IRS just announced that Form 8863 for Education Credits will also be delayed until the February or March date below.
Update: Here are the updated delays from the IRS:
The IRS has released new dates for the delayed tax forms. The IRS will begin processing tax returns:
Even though the AMT was resolved, the IRS has not updated their statement if refunds will be issued on time. The latest statement from the IRS says most people can expect their refunds in 21 days: How Long Does it Take to Get Your Tax Refund?
The delay is due to the changes in the last minute Fiscal Cliff Deal passed at the beginning of January.