Thursday, January 25, 2007

Tax Time

The IRS is not accepting electronic submissions until Feb 3rd if you are claiming the Sales Tax Deduction, Tuition and Payments deduction, or Educators purchases and Fees deduction. Their story is that they have to make changes since President Bush signed the law Dec 20th extending these deductions.

Why is it taking so long? The code was there last year, the deduction was just extended, not really changed. Did some DBA somewhere drop a table? (It must have been a DBA's fault, right?

Just a warning for those anxious to get their taxes in, but are claiming one of these deductions. (Tara.) We bought a car this year, and are claiming the sales tax deduction (since it was a major purchase.)

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