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Released: January 09, 2013
Fiscal cliff debate delays some 2012 tax refunds
Source: John Waggoner, USA Today
You might get your tax refund later than usual this year, and you can thank the congressional debate over the fiscal cliff for that.
The IRS says that it will begin processing individual tax returns on Jan. 30 this year, eight days later than usual. The reason: Programming IRS computers and printing forms and instructions were delayed by congressional wrangling over the fiscal cliff — a combination of tax hikes and spending cuts that briefly became law on Jan. 1.
Read Full Article: Fiscal cliff debate delays some 2012 tax refunds
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