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IRS: Tax Refunds will be Delayed Because of Fiscal Cliff

(Photo: iStockphoto/Thinkstock)
(Photo: iStockphoto/Thinkstock)

If you are expecting a tax refund this year, look for it later than usual, thanks to the drawn out fight in congress over the fiscal cliff deal.

According to Florida Today:

The Internal Revenue Service 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 More Here.

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