Taxpayers Claiming Education Credits Wait Until February To File

With all of the changes to the tax code that were signed earlier this year the IRS is scrambling to catch up.  If you are a taxpayer that claims one of the education tax credits- the American Opportunities Credit and the Lifetime Learning Credit- using Form 8863 you will need to wait until mid February to file your return.  This is because the IRS needs time to test their systems and ensure proper computations.  Read more about it here.

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