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Delayed Tax Processing for Students and Many Others

Updated on June 19, 2013

Processing Delays For Students And Many More In 2013

The effects of congress dragging their feet to approve the fiscal cliff are now being seen, in a tax payers point of view. Not only was all tax returns unable to be processed until the 30th of January, but it was announced by the IRS that many returns will not be processed until mid February and in some cases March. So who is effected?

Well, if you are a student and you are using form 8863 for your education credits, your return will not be processed until mid February. Since the Reform Act for taxpayers was not signed until the beginning of this year, so now the programming must be changed to reflect the late tax rules. So whether or not you are owed a refund, you can expect your return to take a while longer. If you are due a refund, expect it to be at least 2 to 3 weeks late. Not good new to all the starving students that may need this tax credit.

I am a student and will be using the tax credit and I had filed my return by mid January. It was excepted early by the 24th, but now I am being told that it will sit there unprocessed for at least the next couple of weeks.

For those tax payers that have other credits, you may be in for a longer wait, some returns not being processed until mid March, yeah that’s right, March! To get the full list of which forms will be processed much later, you will have to go to the IRS website directly and look under refund. The information is also present on the "Where is my refund" search page, just scroll down to look. Basically credits for energy efficient homes and appliances, credits for alternative fuel and many small little credits that we have enjoyed the last couple of years. Small businesses will be affected as well, moreover depreciation and allocations, as well as the General Business Credit using Form 3800. So for those unfortunate souls, if irked with all the delays, feel free to Thank you Congress.


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    • kaiyan717 profile image

      kaiyan717 4 years ago from West Virginia

      Thanks for the comment. I seen where it was now a 21 day wait for a refund after it is accepted, I think the years of 8-10 day efiled to completion are long gone. My tax return was accepted before the 28th announcement so I hope I don't get lost in the shuffle. I never count my chicken till they are hatched, but a few bucks in refund would be helpful. Thanks for your inside information on this, with more than 3/4 of personal income tax filiers recieving a refund, imagine if we all wrote letters to our Congress, that would surely be a statement, Great Idea!

    • bankscottage profile image

      bankscottage 4 years ago from Pennsylvania

      kaiyan, sorry that your tax refund will be delayed. Your information is accurate and you correctly place the blame on Congress. Now, the real bad news. The IRS will only begin to process returns with Form 8863 (education credit) in mid-February. That is not when they will send you your refund. In our tax office, we are being told by the IRS that it may take up to 3 weeks to issue a refund after a return is accepted. That may delay you receiving a refund check until sometime in early March. You can call and than your congressman and senators.