Everybody Gets A Tax Extension This Year
The U.S. tax filing season has begun and to celebrate, the IRS announced Tuesday that taxpayers will have three extra days -- until April 18, 2011 -- to file their 2010 returns! Has the The Internal Revenue Service become atypically generous? Nah. There's a holiday on April 15, Emancipation Day.
According to msnbc, "The agency also said that it would not be ready to process returns carrying itemized deductions until mid- to late February, because it has to reprogram its processing systems following the passage of a big tax bill at the end of 2010."
Those affected by the mid-Feb file include: people claiming itemized deductions on Schedule A, higher education deductions on Form 8917, and teachers claiming a classroom expense deduction of $250. Filing information for this new and exciting tax season is available on the official agency website, www.irs.gov.