Governor Holcomb is easing some of Indiana’s remaining mask requirements, but a few will remain in place. Starting Tuesday, masks will no longer be required in most state government buildings. But they will still be required at COVID-19 testing and vaccination sites, Indiana prisons, state hospitals, and other congregate facilities owned by the state.
Continue readingMore Schools Looking to Go After Income Tax Refunds to Collect Unpaid Debt
The Knox Community School Corporation is the latest local district to decide to go after unpaid debt by intercepting state income tax refunds, while North Judson-San Pierre is considering it. The Knox School Board recently approved a memorandum of understanding for the Tax Refund Exchange and Compliance System (TRECS), according to Superintendent Dr. William Reichhart.
Continue readingOregon-Davis to Go After Families’ Income Tax Refunds to Collect Unpaid Debt
Those owing money to the Oregon-Davis School Corporation may soon have it taken out of their state income tax refunds. The school board Monday approved an agreement for the Tax Refund Exchange and Compliance System.
Continue readingState, Federal Income Tax Deadlines Pushed Back to May 17
The State of Indiana is following suit with the federal government and extending the income tax deadline to May 17. Governor Holcomb delayed the state individual income tax filing deadline in an executive order Monday, after the U.S. Treasury extended its deadline last week.
Continue readingWinamac Town Council to Hold Financial Work Session with Baker Tilly Today
The Winamac Town Council will discuss the town’s finances this afternoon. A work session with accounting firm Baker Tilly is scheduled for 4:00 p.m. EDT in the Winamac Municipal Utilities Complex.
Continue readingEastern Pulaski to Garnish Income Tax Refunds to Collect Unpaid Fees
The Eastern Pulaski Community School Corporation is looking to intercept income tax refunds to collect outstanding debt. The school board Monday approved a memorandum of understanding to use the state’s Tax Refund Exchange and Compliance System.
Continue readingIncome Tax Filing Deadline July 15
Indiana residents who have not yet filed their individual income taxes will need to do so before Wednesday, July 15.
Continue readingState Officials Watching COVID-19’s Impact on Unemployment, Tax Revenues
State officials continue working to help those who are unemployed due to COVID-19. During a press conference Thursday, Indiana Department of Workforce Development Commissioner Fred Payne cited a huge increase in the number of unemployment claims.
Continue readingPulaski Council Looks to Revisit Supplemental Homestead Credit, As Tax Discussions Continue
The Pulaski County Council passed an ordinance Monday that could allow property taxes to increase by “thawing” the county’s levy freeze. But one council member pointed out that another measure to balance the county’s tax structure had already been agreed upon but never been implemented.
Continue readingPulaski County Council Votes Four-to-Two to ‘Thaw’ Property Tax Levy Freeze
An ordinance paving the way for a potential property tax increase was adopted by the Pulaski County Council Monday, but not without some opposition. The county council voted four-to-two to “thaw” the county’s property tax levy freeze. That means the tax levy may increase within the limits set by the state’s growth quotient.
Continue readingPulaski County Council to Vote on Property Tax Levy Freeze ‘Thaw’ Tonight
An ordinance to “thaw” Pulaski County’s property tax levy freeze will be up for final approval during a special county council meeting tonight. The measure would allow the tax levy to increase within the limits set by the state’s growth quotient.
Continue readingPulaski County Council Considering Ordinance to ‘Thaw’ Property Tax Freeze
Pulaski County landowners may be paying more in property taxes next year. An ordinance that would “thaw” the county’s property tax levy freeze was presented during Monday’s county council meeting. That means the county’s tax levy would be able to increase, within the limits set by the state’s growth quotient.
Continue readingPulaski County Officials to Open Insurance Bids, Present Levy Freeze Ordinance Tonight
The Pulaski County Council and Commissioners will open health insurance bids tonight. The bid opening will take place during their joint session, scheduled to begin at 6:00 p.m. EDT at the Pulaski County Highway Garage.
Continue readingIndiana Department of Revenue Urges Taxpayers to Avoid Mistakes That Could Delay Refunds
As the income tax deadline approaches, the Indiana Department of Revenue has a few tips for avoiding refund delays. Department officials say many delays are caused by preventable errors, and an easy way to stop those from happening is to file electronically.
Income Taxes Due Today
Federal and state income taxes are due today. Michelle Bachtel from H&R Block says you need to file an extension if you can’t finish your return. Doing so gives you six additional months to file but does not defer payments due. If you owe, pay as much as you can. Otherwise you will be assessed interest and penalties from April 15th. Continue reading
Don’t Ignore Income Tax Filing Deadline
Federal and state income tax returns need to be filed tomorrow. Michelle Bachtel with H&R Block says you have options if you owe and are not able to pay. She adds the most important thing is not to panic
“If you can’t pay the full amount by April 15, just pay what as much as you can,” Bachtel said. “Even though interest will accrue on the amount owed, you’re not going to be arrested, and they’re not going to come knock on your door and seize your home.” Continue reading
Itemizing Pays If You Qualify
Federal and state income taxes are due Wednesday. Michelle Bachtel from H&R Block in Knox says taxpayers can either take the standard deduction or itemize, depending on which will be most advantageous for their personal situation.
For individuals who are filing single or married filing separate, the standard deduction is $6,200. For a married filing joint couple or a qualifying widower with a dependent child, that amount is doubled to $12,400. And for a person filing head of household the amount is $9,100.
Bachtel encourages taxpayers to study their options carefully. Continue reading
Tax Deductions and Credits Can Save You Money
Double check your federal tax return for any missed deductions and credits before you file it. Michelle Bachtel with H&R Block in Knox says deductions decrease your taxable income, which lowers the amount of money you owe. She says the IRS estimated last year over 4 million people failed to claim tax deductions to which they were entitled last year. Continue reading
Bring Essential Documents to Your Tax Appointment
If you haven’t filed your taxes yet, time is running out. Federal and state income taxes are both due Wednesday, April 15. Michelle Bachtel from H&R Block in Knox says you need to have personal information for everyone on your return handy before you start. This includes Social Security numbers, birth dates and full legal names as registered with the Social Security Administration. You will also need documentation of all of your income from wages, tips, savings, investments, retirement, rental property, self-employment or farming. Continue reading
Tax Preparer Offers Tips for Choosing Federal Form
Income taxes are due in six days. There’s still plenty of time to file if you haven’t already done so. Michelle Bachtel with the Knox H&R Block office says it’s important to choose the federal form that best meets your needs. A popular option is the 1040-EZ. However, it has limits.
“As long as you are under the age of 65, your income is below $100,000 and the income only comes from things like wages, salaries, tips and unemployment, with less than $1,500 in interest, you can use this form. But you cannot itemize deductions, claim dependents or be filing separate from your spouse. With this form your credits are limited, so just because you are eligible to file this form doesn’t mean you should, Bachtel said. Continue reading