IRS Update: They Will Begin Accepting Tax Returns with Education Credits and Depreciation

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The IRS began accepting tax returns for a vast majority of taxpayers on January 30.  However, the IRS stated that they were not processing tax returns for a small number of taxpayers filing certain tax forms, including certain Education Credits and Depreciation and Amortization.  For taxpayers claiming those forms, there is some good news today!

The IRS announced today that on February 14, they will begin processing tax returns that contain form 8863 with Education Credits.  Form 8863 is used to claim two higher education credits — the American Opportunity Tax Credit and the Lifetime Learning Credit.

They also announced that on February 10, they will begin processing tax returns that contain Form 4562, Depreciation and Amortization.

The IRS will begin accepting all other tax forms that are not yet being accepted due to late tax law changes the first week in March.  We will update the blog with the exact date as soon as the IRS announces what date that will be. Not sure if your file one of these forms?  Here is the full list of the forms that will be accepted the first week of March.

TurboTax is up to date with all tax law changes, so you can file today and feel confident that your will get every deduction and credit you deserve.  And remember, if you have any questions, only TurboTax lets you talk to CPAs, enrolled agents and tax attorneys as often as you like while you prepare your return, free.

You can read the IRS full announcement here.

129 responses to “IRS Update: They Will Begin Accepting Tax Returns with Education Credits and Depreciation”

  1. I filed mine with turbo tax a couple a week and a friend of mine file her a couple of weeks after me and she is already approved.

  2. I filed my taxes with Turbo Tax on Jan. 29. It shows as it has been accepted by Irs and State. Irs Wheres my refund shows only accepted. My State Wheres My Refund does not even recognize my information. Why are some people who filed after me already getting their refund and we have not even being approved or even recognized?

  3. i was accepted on july 30th and got a DD between 7-9 of aug. well that passed and got a message saying oops were sorry we did not deliver your refund when estimated.. but good news i should get it between now and the 19th of aug.. now its saying you should have your money by now do you? NO I DO NOT.. what is ging on?

  4. I talked with someone last week who told me that mine was pulled because I claimed the education credit with no wages and that was one of the tactics used for fraud. I told him plenty of people attend school and don’t work…he agreed but states that is why it’s being held and I just have to wait till the agent who has been assigned my case gets to it and verifies it.

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