If you are all fired up and ready to file your taxes when the tax season officially kicks off on Wednesday, but you just so happen to be one of those that are claiming certain education credits then you’ll have to slow your roll.

 

The IRS announced yesterday that the filing eligibility for the American Opportunity Tax Credit and the Lifetime Learning Credit has been delayed until mid-February. The IRS attributes the reason for the delay due to needing to update its processing systems prior to accepting Form 8863 which is used to claim both credits.  

 

Other education benefits such as tuition, fees and student loan interest deductions can be claimed when the tax season begins on January 30th.