The popular 'Where's My Refund' tool is back this year, with improvements. You can check online to see when your refund was approved and when it was issued.
Taxpayers who use some schedules will have to wait until mid-February or March. So far, there is no reason to expect refunds to be delayed.
The IRS will still accept your return, but you may have to pay penalties for filing late and for paying taxes late.
You get an extra 2 days to do your taxes this year, but you may not have the option of the late-night run to the post office.
Lawmakers have put off major tax decisions, including whether to continue the Bush tax cuts, until after the Nov. 6 election. That doesn't leave much time to make changes.
If you made a mistake, you have several years to file an amended return. But you may owe a penalty if you underpaid your federal tax.
However President Obama's proposed tax on millionaires is estimated, it's small compared with the federal budget deficit.
The refund-tracking tool on the agency's website is not reflecting the status of returns that have been filed. The problem is with the website tool, and refunds have not been delayed.
| Tags: | IRSrefundtax refundtaxes |
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