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FOR IMMEDIATE RELEASE
Contact: Stephanie McFarland, APR
(317) 234-3793

Indiana Not Among States
Delaying Tax Refunds

INDIANAPOLIS (March 15, 2009) – In stark contrast to states like New York and Hawaii, who are delaying or are considering delaying income tax refunds this year, Indiana is issuing refunds as usual.

The Indiana Department of Revenue reports it has issued right at 1 million refunds to date, compared to approximately 1 million refunds it issued the same time last year, too.

“Once again, it comes down to the solid leadership at the helm in our state,” said Revenue Commissioner John Eckart. “Indiana has had to make adjustments in the face of this critical economic time, but its adjustments have still been marginal compared to many other states—and, as a result, the money is available to ensure those taxpayers who overpaid their fair share in 2009 are getting their refunds just as soon as we can properly process them.”

The average refund has increased this year to $312, compared to $271 the same time last year.

“Those who are filing electronically and have their accounts set up to receive their refunds via direct deposit are receiving those in about four to seven days, on average,” said Eckart. “Paper filings take longer to process, so those refunds are being issued in six to 12 weeks, which is the annual average for a refund from a paper return.”

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Contact: Stephanie McFarland, APR (317) 234-3793 - office