If you itemize your federal income taxes, you will have to wait a little while before you can file, because Congress took so long last month to finally reach an agreement on this year's tax code.
The Internal Revenue Service has to get its systems ready to handle the changes in the tax code. The agency says taxpayers who file itemized forms should wait until the IRS announces it's ready to process the those forms.
Taxpayers who itemize deductions on Form 1040 Schedule A will need to wait until mid- to late February.
"The majority of taxpayers will be able to fill out their tax returns and file them as they normally do," said IRS Commissioner Doug Shulman. "We will do everything we can to minimize the impact of recent tax law changes on other taxpayers. The IRS will work through the holidays and into the New Year to get our systems reprogrammed and ensure taxpayers have a smooth tax season."
The IRS will announce a specific date in the near future when it can start processing tax returns impacted by the late tax law changes. In the interim, people in the affected categories can start working on their tax returns, but they should not submit their returns until IRS systems are ready to process the new tax law changes.
The IRS emphasized that e-file is the fastest, best way for those affected by the delay to get their refunds. Those who use tax-preparation software can easily download updates from their software provider. The IRS Free File program also will be updated.