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Does filing for the education credit affect your tax refund process?
I am a North Carolina resident. My tax return was accepted on January 17, 2009. And the program taxslayer said my refund should have direct deposited on January 30, 2009. I didn't receive it so I checked irs.gov and it said February 3, 2009. Then February 3rd there was nothing and I checked it again and it then said Februay 10th. Does anyone know why the dates are changing so much and why I haven't received it by now. I filed for the Lifetime Learning credit and was wondering if anyone thought that could be the delay or may have had the same problem? Thx:)
4 Answers
- Bostonian In MOLv 71 decade agoFavorite Answer
Plenty of returns have been delayed for 1 to 3 weeks this year. The IRS is not saying why on any specific return though the most likely culprit appears to be incorrect claims under the Recovery Rebate Credit. Many folks either failed to enter the correct amount of last year's stimulus rebate in the tax software or deliberately omitted it when they saw that it reduced their apparent refund. If the numbers don't match the IRS records, processing is delayed while the IRS manually reviews the numbers. It's not likely that the Lifetime Learning Credit is the culprit.
The AMT issue mentioned by another poster was LAST year. The article is dated January 14, 2008.
- rtfmLv 71 decade ago
Everyone's getting the same message - as the multiple questions here on Yahoo Answers will show. Refunds have been bumped from 03 Feb to 10 Feb for, apparently, just about everyone. It has nothing to do with whether or not you filed for any particular credit.
- 1 decade ago
The delay has to do with the congress and the fix for Alternative Minimum Tax. Congress passes legislation every year to keep the AMT tax from expanding. Any one using any one of the forms below will have a delay in processing their tax returns this year. Apparently the IRS had to reprogram their computers to accept these forms and should began processing these returns Feb 11th.
Form 8863, Education Credits.
Form 5695, Residential Energy Credits.
Form 1040A's Schedule 2, Child and Dependent Care Expenses for Form 1040A Filers.
Form 8396, Mortgage Interest Credit and
Form 8859, District of Columbia First-Time Homebuyer Credit.
- Anonymous5 years ago
i replaced into as annoyed as you up till this morning. they look making their way interior the direction of the preparation credit returns. I easily have a DDD of March 6th considering that this morning. I heavily theory i could by no potential get my refund. somebody informed me that preparation credit returns have been easily on carry till February twenty 5th, so relatively some those with preparation credit might desire to get a DDD quickly.