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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.
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.
Tax Relief Act could delay some returns
IRS shortens delay on filing for some taxpayers
After Delay, IRS Will Begin Processing Returns on Feb. 14 That Claim Deductions Tax preparation - IRS announces delay in accepting many paper, electronic tax returns