NPR's business news starts with delays for millions of taxpayers.

(Soundbite of music)

INSKEEP: The Internal Revenue Service says that millions of Americans will have to wait an extra month before filing their 2007 tax returns - until mid-February. Here's the explanation for the delay: The IRS needs extra time to reprogram its computers to account for the recent fix to the Alternative Minimum Tax or AMT. Congress approved a one-year patch, as it's called, to that tax earlier this month. The AMT would have increased taxes for about 20 million middle- and upper-income households. That won't happen now, but the IRS does expect this filing delay to affect up to four million people.

Copyright © 2007 NPR. All rights reserved. Visit our website terms of use and permissions pages at for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR’s programming is the audio.



Please keep your community civil. All comments must follow the Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.