DH and I always have our taxes filed before the end of January and have our refund by first week of Feb. This year we have had all these delays because of IRS programming the system to accept certain forms.....
First we were waiting on the Education credit form since we have 2 kids in college. I got all excited because I heard that the IRS will start processing these forms tomorrow. Well when I checked our status on Tax Act I got the message that our return is still delayed because the IRS will not begin processing returns with the residential energy credit form #5695 until the first week of March!!!
This form gives us a credit of a $100 which had I known of the delay I wouldnt have claimed it. I would gladly give up the $100 to get my refund of several thousand dollars sooner!
And before people think we are milking the system...NO we do not qualify for EIC...We paid $14,000 in federal taxes not by choice but because a chunk of this is from an early withdrawl of dh's retirement to pay for our 2 kids' college tuiton and that is automatically kept out for federal taxes. We are getting back a little under half of what we paid in IF they will ever process our return! I want my money!!!