Tax Refund Delay Leads To Overdue Bills For Poorest Americans

Bobbie Fulton cannot wait to do her taxes. But thanks to Congress’s prolonged fight over the fiscal cliff she won’t be able to file her return until next Wednesday, nearly two weeks later than in past years. And that means all her bills will have to hold for now.“I have a lot of bills I expected to pay and the longer I push it back, the more money it costs me,” Fulton, a 52-year-old resident of Belmont, Calif., said.This year, all taxpayers will have to wait a little longer to electronically file their taxes and get their refunds. The delay is a direct result of Congress’s failure to come to a timely deal to avert the fiscal cliff in December. When a tax deal was finally reached on Jan. 1 — after the end-of-the-year deadline — it was too late for the Internal Revenue Service to meet its standard mid-January start date for e-filers. Read More…
More on MONEY

View original article:  

Tax Refund Delay Leads To Overdue Bills For Poorest Americans


Tags: , , , , , , ,

Leave a Reply

Loading

Recent Posts

Buy VPN

Archives

netload.in
%d bloggers like this: