IRS Delays Start of Filing Season for Taxpayers with Itemized Deductions

It looks like some taxpayers are going to have to wait to file their 2010 tax returns.  The IRS announced that due to some late tax law changes, the agency needs more time to “fix” their systems.  The following filers may be affected:

  • taxpayers who itemize
  • college tuition and fees deduction
  • teachers out-of- pocket classroom expenses
The delay will likely last till mid to late February.