Taxpayers Claiming Education Should Wait to File

Tuesday, January 29, 2013 - 6:00am

If you file Form 8863, the IRS says don't file your return until mid-February. The IRS says it needs to update processing systems before the form can be accepted. This can impact people if they are taking advantage of the American Opportunity Tax Credit or the Lifetime Learning Credit. Other education benefits like tuition and fees and student loan interest deductions can still be claimed starting Wednesday.
 

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