Tax Act Affects 40% of Taxpayers

FoxBusiness.com 1/12/2011

Vera Gibbons, financial columnist, on the new tax filing law and who will be affected by it.

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Taxpayers who itemize have to wait until February to file

Sandra Block USA Today 12/23/2010

Taxpayers who itemize on their federal tax returns will have to wait until at least mid-February to file, the IRS said Thursday.

The delay is necessary because the IRS needs time to program its systems to accommodate tax breaks included in a compromise tax bill President Obama signed last week.

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