Tuesday, October 21st, 2014

Tax Refunds Delayed

Tax-RefundDo not plan on spending your income tax refund too quickly.  Refunds are expected to be delayed for some taxpayers.  The Internal Revenue Service says it is a result of the last-minute fiscal cliff debate in Washington DC. 

It not only delayed the date returns could be accepted by two weeks, but some tax forms are just being released now, affecting some types of education tax credits.  Adam Rust says the delay is tough on people who are struggling financially.

In past years, an income tax refund took an average of nine days.  Now it may take as much as three weeks.  Free tax help is available to Arizonans who earn less than $42,000 annually.  You can find the location on IRS.gov.

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