Electronic Filing a Win for Taxpayers, State
April 27, 2006
Contact: Stephanie McFarland, APR
317.234.3793 - office
317.696.3275 - mobile
INDIANAPOLIS (April 27, 2006) – More than 1.4 million Hoosier taxpayers filed their 2006 state tax returns electronically this year - an increase of more than 27 percent over the 2005 tax season.
Use of the state's I-File program increased by 17 percent over last year, with more than 81,000 taxpayers filing their individual income tax returns via the upgraded Web program.
As a result, the Indiana Department of Revenue has been able to process returns with significantly less errors this year, and shorten the time taxpayers and the state must wait to settle their books at the close of the filing season.
"We've received less than a third of the errors we had last year," said Revenue Commissioner John Eckart. "We've also been able to process refunds from electronic filings in three to five business days, on average. Refunds from paper returns usually take about three to twelve weeks to process."
On April 21, the Department hit an all-time high for the agency by processing more than $81 million in returns in just one day.
To date there are approximately 580,000 returns filed by the deadline to still process. The Department believes it will complete processing those returns in the next week. The Department processes about 3 million individual income tax returns each year.