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While tax season is officially open, some people might have to wait until mid-February to file thanks to a last minute tax agreement in Congress. NY1's Tara Lynn Wagner filed the following "Money Matters" report.
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The delay effects taxpayers in three specific categories, all of them involving deductions: Schedule A itemized deductions, which include mortgage interest and medical expenses; higher education tuition and fees deductions; and the deduction for teacher expenses like classroom supplies purchased out of pocket.
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