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Where’s My Tax Refund?
Tax refunds for about 600,000 taxpayers claiming an education credit will be delayed, the Internal Revenue Service said recently, citing a software glitch at some tax-preparation companies, including industry leader H&R Block Inc. Now how’s that for a poke-in-the-eye?
Apparently refunds may be delayed four to six weeks from mid-February, likely not showing up until late March. The agency is working with tax-preparation businesses to deliver the refunds, according to IRS spokeswoman Michelle Eldridge. A rep from H&R Block said the software problem had been fixed and the company was working with the IRS.
Two companies that provide online tax preparation software, Intuit Inc and Jackson Hewitt Tax Service Inc, said their programs were not affected and their education credit customers are not experiencing delays. But various other delays have hampered the tax season this year, slowing the arrival of refunds.For instance, in February, some taxpayers who claimed earned income tax credits were hit by refund delays, the IRS said.
The IRS delayed the start of the tax filing season by eight days, to January 30, due to the enactment of tax law changes made to resolve the “fiscal cliff.