If you itemize IRS deductions, wait until Valentine’s Day to file

If you itemize your federal tax deductions, there’s no point in filing until Feb. 14.

That’s because the Internal Revenue Service had to delay processing returns from some taxpayers because of late changes in the tax law passed by Congress in December, Associated Press reported.

The IRS says it will start processing returns on Valentine’s Day from people who itemize their deductions, those who claim a deduction for college tuition and teachers who claim a deduction for out-of-pocket classroom expenses, AP writes.

Forms received from those taxpayers before Feb. 14 won’t be processed until that date.

Other taxpayers’ returns will be processed when they’re filed.

- Henry Unger, The Biz Beat

For instant updates, follow me on Twitter.

30 comments Add your comment

Andy in Blairsville

January 27th, 2011
8:44 am

At least Congress has a good reason why this didn’t get done until December, I mean Obamacare was such an important topic to waste 2009 and 2010 on.

Thanks for my insurance going up 19% you political jerk-offs!

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January 27th, 2011
9:30 am

IF your insurance premiums have gone up it’s because the insurance companies are greedy SOBs! Insurance companies, just like the oil companies, use any excuse to gouge the consumers with unrealistic price increases. We need more regulation on these corrupt corporations not less. But, unfortunately you poor dumb republicans TRUST the corporate lobbyist and allow your republican representatives to cut your throat with corporate welfare!


January 27th, 2011
9:59 am

It’s not Obamacare driving up insurance costs. Insurance companies, like banks are simply driving up costs to enhance their profits while blaming Obamacare. Capitalism is as bad as Communism when left to extremes. Both can cause the downfall of countries.


January 27th, 2011
10:02 am

As for IRS deductions, in the past I’ve itemized but I’m right on that cusp where the standard IRS deduction is pretty close to my itemized deductions so I think I’ll just go ahead and use the standard and be done with it. And if I get a refund from the State of Georgia, I think I’ll request certified funds or cash only. :)


January 27th, 2011
12:48 pm

I will say this: if you use tax preparation software, go ahead and prepare your taxes now, if you can, and if you are expecting a state refund. They’ll send off the federal return when it’s time, and they’ll go ahead and file your state return now. To add onto Bobby’s point, though — hold onto your state funds for a little bit lest they take them away from you…


January 27th, 2011
3:29 pm

Here we go again. Well it snowed in DC yesterday I guess that’s Obama’s fault too! Who’s fault is it that thousands of our sons and daughters aren’t here anymore looking for non existant WMD? Who’s fault is it that Sadam got away during the first Gulf war?


January 27th, 2011
3:35 pm

@ Andy in Blairsville:

Your insuramce premiums increase was the result of your employer and the health status of employees within the organization.


January 27th, 2011
3:41 pm

Actually, I believe that a part of the reason that health insurance premiums are up is because companies have been taking large charges to cover the effects of the new health law on their books. Didn’t Verizon just take a $1 billion dollar hit in the 4th quarter of 2010 for this very reason? We can expect the effects of these charge offs to affect the consumer…….us.

g burdell

January 27th, 2011
3:53 pm

Uh, no. My insurance premiums went up because kids up to the age of 26 have to be covered (Obamacare), the lifetime limits are removed (Obamacare), among others. My co-pays went up too. And come 2012, I will have a new limit on my Med Flex account thanks to Obamacare. Now I will have to itemize for my out of pocket health care costs about the $2500 Med Flex limit.


January 27th, 2011
4:08 pm

Thanks, government, for keeping my money longer. I guess I’ll have to wait to buy that car and help the economy.


January 27th, 2011
4:11 pm

All of you folks need to sit down, take a deep breath, and sincerely thank your higher power that you have a job and health care coverage!


January 27th, 2011
4:22 pm

So, when insurance companies have been steadily jacking up rates since the mid 1990s, that is because of “Obamacare” too? Last I checked, my insurance rates going through the roof LED to concept of Health Care Reform.
We are the only nation that still uses this deficient system of ours that costs us more per person for health care costs than any other nation. And we still wait to see doctors. And only the rich or those fortunate to have decent, stable jobs get some kind of decent healthcare.

This country is so damn stupid, I just don’t understand it sometimes.


January 27th, 2011
4:26 pm

Please stop blaming Obamacare on the rise of your insurance premiums- insurance premiums have gone up every year as long as I can remember. If you are lucky to get a small raise from your employer… you never see it because insurance premiums always increase at a greater rate as the raises. Obama has nothing to do with that… that’s just the greed of the insurance companies and a system that allows them to do this to us year after year.


January 27th, 2011
4:34 pm

For the last few years, I have always filed by now and have my (modest) refund by the first week of February.

I’m still waiting on one of my W-2s, which is annoying. Guess they are gonna adhere to that Jan 31 deadline, but no matter since I do itemize and have to wait to file.

But good thing I didn’t file early since the state snatched refunds back. Glad I dodged that bullet at least.


January 27th, 2011
4:40 pm

Is this story about delaying in filing your return or about Obamacare? Seams like there are more comments off subject than on.


January 27th, 2011
4:51 pm

@ Dave – That’s the AJC blogs in a nutshell. Nobody can stay on topic and evidently there are a lot lot of losers who still live in mom’s basement that read the ajc all day.


January 27th, 2011
4:58 pm

Stay focused people! The article is about taxes not health care!


January 27th, 2011
5:09 pm

Bobby @10:02

If your Federal refund will be about the same regardless of whether you itemize, itemize anyway. The Georgia standard deduction is much lower, and you’ll lose a lot of money on the state refund.


January 27th, 2011
5:17 pm

WHY. The tax changes made affect 2011 taxes and people are now filing 2010 taxes. Not sure what the reason is and every news story doesn’t explain it.


January 27th, 2011
5:31 pm

Hey Andy, your insurance didn’t go up prior to this month? I have Cigna (and have had since 1984 and mine has gone up every year). And “Obamacare” isn’t even 100% implemented yet. Gee you have a job with insurance and this is your first increase. You are one lucky son of a gun.

Obamacare? lol

January 27th, 2011
7:07 pm

Blaming obamacare for raising insurance rates…aww, how cute and original. Hate to break it to you, but my insurance went from $1/week in 2002, to $100/week in 2008. They’ve stayed at that same $100/week ever since. Sounds like W is to blame for this, like everything else.


January 27th, 2011
7:17 pm

Obamacare sucks!


January 27th, 2011
7:33 pm

We finally get a president that actually cares about the poor and middle class and people continue to find fault with him. I love my president and the rest of you can kiss it. BG you suck!!!!!!!

Tax Cuts for the Rich

January 27th, 2011
7:42 pm

Thanks Republicans for waiting until the last minute to pass this bill. You could have done it 6 months ago but hey the little taxpayers like me have to wait a few more weeks for their tax returns. Thanks you freakin jerks!

Refunds - now that's funny!

January 27th, 2011
7:53 pm

I guess if you can’t properly fill out a W-4, you probably aren’t paying taxes anyway, but if you’d learn to estimate you’ll keep more of your $ from each paycheck rather than giving Uncle Sam an interest free loan! Refunds are for suckers!


January 27th, 2011
8:01 pm

It appears that civility is a lost art.


January 28th, 2011
7:27 am

Well at least our health care premiums will be going DOWN for the average family $2,500/year. That’s what obama said in March 2010 – Google it. Can someone tell us when that kicks in?

Food for thought

January 28th, 2011
12:52 pm

Why did the Republican congress refuse to vote for a bill to increase tax increase for the rich? Would it be that their upper income voters would not support them??? I’d rather have votes and be in office than to stand on the merit of what is right for America? So now that the New Bill is passed giving all a tax break we can go on and get my refund??? The tax from the rich is not a big issue but your increased insurance cost is? The rich will always be able to afford their insurance payments even with a tax increase? Oh but thats ok lets just keep crying Obama is making my life miserable with all his bailouts and healthcare programs. The Republicans and their media outlets are good at saying if the programs aren’t coming from us it’s a bad program it going to cost you and make your life worst that it is now!!!! What was it before Obama??? Who had insurance and wasn’t the cost high and coverage at it’s lowest? Stop drinking the Republican Kool-Aid!! I’d for the party that supports programs that benefit all Americans “Fairly” is the key word here? Fairly takes the position that your needs are taken into consideration and is not ignored or selfishly descriminated against. Taxes are good and necessary, so are exceptions and loopholes for proper and legal deductions. Obama’s programs lean towards benefiting the majority of American middle to low income, the rich are self sustaining and more knowledgable able to carry an afford a heavier debt load. The only way a rich individual contributes to society is through the taxes they pay. Sure they contribute to charities socially a tax deduction and a very small small percentage are business owners but the majority are just individuals like you and me, just able to pay more in taxes or their fair share.


February 1st, 2011
9:35 pm

Obamacare has been ruled unconstitutional by a federal judge. Barry was behind closed doors all day today – more than likely strategizing on how to fan-aggle through this. Stay tuned…