Tax refunds for millions of people could be delayed

The IRS taking anti-fraud measures
Posted at 6:23 PM, Feb 07, 2017

Millions of early birds will have to wait until mid to late February to collect their refund.

The IRS delaying payouts is affecting parents applying for as much as $6 thousand in earned income credit. 

The government says they are working to stop the flow of billions of dollars to fraudulent filers which triggered delays.

Don't be in such a hurry to file that you over looked some big money deductions.

If you're itemizing you get to write off sales tax. Homeowners again this year are able to write off mortgage interest and property taxes.

Also lawmakers made the American Opportunities Credit permanent meaning if you or your child is in college this could be worth up to $2,500.

While Donald Trump plans to make changes to the Affordable Health Care Act the fines for non-coverage still stand. It costs $695 for each uninsured adult for a possible maximum fine of $2,000 per family.

Often preparers offer a guarantee meaning they'll pay for any mistakes made on the return. If you are itemizing either study up on the latest tax code changes or use an IRS enrolled preparer to make sure Uncle Sam is paying you rather than the other way around.