Pulaski County officials will host a public informational work session later this month to discuss recent changes to Indiana’s Local Income Tax law, and the possible formation of a Municipal Unit Strategic Taskforce, also known as MUST.
Continue reading
If you owe Pulaski County money, the county will soon be able to garnish your state income tax refunds. The county commissioners Tuesday agreed to take part in the Tax Refund and Exchange Compliance System.
Declining income tax revenues have the Pulaski County Commissioners seeking some outside financial advice. They voted Tuesday to allow accounting firm Umbaugh and Associates to do a preliminary analysis and offer a proposal for helping the county put together a financial strategy.
Taxpayers who still need to file their 2016 tax returns can still get some help, according to the Internal Revenue Service. October 16 is the filing deadline for many of those granted an extension on their tax returns. The IRS says those individuals can still take advantage of several programs.
Taxpayers who are unable to file their federal returns by the April 18th deadline can go online to request an extension. Continue reading
Taxpayers have a few more days before the state and federal filing deadlines. The Indiana Department of Revenue says taxpayers who are unable to pay must file an extension using form IT-9 in order to avoid penalties. Estimated payments are also due today. Visit www.in.gov/dor for more information about Indiana income tax filing. Continue reading
Some taxpayers in our area may be in for a surprise when they file their Indiana returns.
H&R Block Senior Tax Advisor Michelle Bachtel says that could be the case if you moved mid-year, as the state calculates county taxes based on where you live on Jan. 1. For instance, someone who moved from Pulaski to Starke County and changed their withholding may end up owing state taxes.
A number of counties in Indiana have changed their withholding income tax rates with increases across the board. Starke, Perry, Hancock, and Carroll counties each raised their rates effective yesterday.
In Starke County, the resident rate has increased from .0106 to .0171, with the non-resident rate increased from .0081 to .0146. Perry County increased their resident rate to .0156 from .0106, and the non-resident rate from .00685 to .01185. Hancock County raised their non-resident rate from .004 to .0045, and Carroll County raised their resident rate from .015039 to .017039.
The monthly revenue report for April 2012 state tax collections was recently released.
Total revenue collections were $1.8 billion, $159 million more than projected by the revenue forecast updated on Dec. 14, 2011. Through April, state general fund revenues have increased 9 percent compared to the same period last year.
Individual income tax collections significantly exceeded the April target, primarily as a result of the Department of Revenue’s improvements in the processing of tax returns. The 44.9 percent growth in individual income tax collection is also partially attributable to a 20 percent increase in withholdings.
