March 14, 2013 – Refund Delays Related to Form 8863 (Education Credit)

March 14, 2013 – Refund Delays Related to Form 8863 (Education Credit)
The IRS recently announced that 10% (or more than 600,000) of the 6.6 million returns claiming education credits it has received so far this tax season are being unexpectedly delayed. Press reports say that these refunds could be delayed by the IRS for as long as six weeks.
This is the second delay for taxpayers claiming the education credit, since the IRS did not even begin accepting returns containing Form 8863 until February 14.
The unexpected delay is due to changes made by the IRS in the way the IRS processes the form.