Tax Season Opening Soon
December 21, 2015
While the official date for the beginning of tax season 2016 has yet to be announced, it’s important to be prepared in advance.
In preparation, here is some important (and money-saving) information to remember for this tax season.
Nearly two million Indiana residents qualify to use a free filing service called Indiana freefile (INfreefile) to file both their federal AND state taxes online. Are you one? Those Hoosier taxpayers with an adjusted gross income (AGI) of $62,000 or less may qualify to file for free.
Taxpayers should visit www.freefile.dor.in.gov to see if they qualify for INfreefile based on the vendors’ options. If qualified, taxpayers simply click the vendor of their choice and complete their tax returns online. It’s that simple!
By choosing to file electronically you get:
- Faster refunds- e-filed returns are processed in 12 to 14 days, while a paper return can take up to 12 weeks.
- Increased security – fewer people see your information.
- Get more or owe less – e-filing software may suggest credits and deductions you might not have known about.
- Better accuracy – electronic returns have a two percent error rate versus 20 percent for paper returns.
The Indiana Department of Revenue is here to help during tax season. If you have any questions regarding your individual income tax returns, contact the department at (317) 232-2240 or visit www.in.gov/dor/3392.htm.
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