Have you ever wondered how to qualify for an Indiana state refund? Maybe you’ve just started your first job and aren’t sure what steps you need to take to file taxes in Indiana. This post is for you!
Qualifying for Refunds
Regardless of whether you receive a standard W2 or a 1099 for self-employment income, if you’ve been working and have earned more than $1,000 in the past year you are required to file a tax return. You could possibly qualify for a refund after filing your return if state and local income taxes have been withheld from your income. If you are self-employed, you could possibly qualify for a refund if you’ve paid the appropriate self-employment taxes.
The tax form for individuals in Indiana is form IT-40, which is the individual income tax return form for full-time state residents. This form is due to be filed by April 15th or a nearby date, depending on how the calendar falls. Once the form is filed, it will be processed and you should receive your Indiana tax refund (if you qualified for one).
Where’s My Refund?
Fraud, scams, and other issues have caused the process of receiving tax returns to become a bit more complicated in recent years. If you qualify for an Indiana tax return and have not received it within thirty days of filing your tax form, contact the Indiana Department of Revenue.
This year, some individuals received letters stating that they needed to verify their identification. This involves going online and completing a verification process to prove that you are the correct individual.
People who qualify for larger refunds may find that they need to call and ask about the status of their returns. You can check your refund, file your individual income tax form, and make payments at the Indiana Department of Revenue’s website.
Need Assistance Filing Your Taxes?
Filing your individual income taxes in Indiana may seem like a straightforward process, but it can certainly get complicated. If you’ve moved, worked in other states, transitioned jobs, received an inheritance, or had other circumstances change, it’s important to make sure that you are filing the proper forms and receiving the full refund you are entitled to.
The professional team at Baker Retirement & Wealth Management, PC can assist you with these and other financial matters. We’ve been providing financial services in the greater Evansville area for nearly three decades. Feel free to visit our office in Evansville, Boonville, Newburgh, or Owensville. You can also reach us toll free at 1-866-244-3517.Talk to a CPA for Free