Timely state tax refunds could hinge on "fiscal cliff" deal

12/31/2012 | USA Today

Taxpayers could have trouble filing state income taxes until federal lawmakers resolve tax issues involved in the "fiscal cliff." That's because most states base their income-tax calculations on federal formulas. If taxpayers can't file their taxes on time, those who would receive refunds also would face delays. "This money is critically important to people paying rent, paying down debt and other expenses," TurboTax executive Bob Meighan says.

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