| It's that time of the year again. Either you spent | | | | Alabama, North Carolina, Kansas and Idaho. |
| countless hours at your kitchen table with a pencil, | | | | Other reasons of a prolonged IRS return could be the |
| calculator and countless receipts and W2 forms, or | | | | following: |
| you paid someone to do it for you. Either way, most | | | | 1. You failed to claim the Making Work Pay credit - |
| taxes have already been filed, and now people are | | | | according to the IRS, out of the 60 million IRS refunds |
| waiting on their IRS refund. | | | | filed this year, 2 million of them had an error related to |
| The IRS refund status is up in the air- no one knows | | | | this credit. You need to claim the credit on Schedule M. |
| where their IRS refund is because the 'Where's My | | | | 2. You received a Making Work Pay credit and an |
| Refund' page on IRS.gov has been experiencing | | | | Economic Recovery Payment- For those social |
| technical difficulties since last Monday. Unfortunately, it | | | | security beneficiaries who work and received the |
| doesn't look to be cleaned up anytime soon. The site is | | | | one-time ERP as a form of income, they might have |
| referring people to their hotline at 1-800-829-1954 to | | | | filed for too much money; the total amount for both |
| check their IRS refund status, but the lines are clogged | | | | MWP and ERP is $400. Those seniors who went |
| with callers. | | | | over will have to reduce their MWP credit. |
| Many citizens feel as if their IRS refunds are running | | | | 3. You claimed the home buyer's credit- A home is a |
| late, and they're right. New York Governor David | | | | great investment, but the taxes can be hard to figure |
| Paterson said that New York, which was hit with a $9 | | | | out. With this credit you are required to mail in your IRS |
| billion deficit, may delay $500 million in refunds to keep | | | | refund as opposed to doing it online because a copy |
| the state from running out of cash. Hawaii's governor | | | | of the settlement statement needs to be attached. |
| said some residents might not get their refunds back | | | | People who mail in their taxes have to wait 4-6 weeks |
| until August. Other states that will have delays include | | | | for their refunds. |