Don't send in your tax returns yet fellow Hoosiers (credit, income)

[rrah]

Indiana is one of several states being told to not yet file federal taxes. I can't find the original article I read, but apparently if Indiana called it "Covid Relief" we would have been fine.

https://fortune.com/2023/02/08/irs-t...te-tax-refund/

[Kluch]

So... basically if we didn't get any "covid relief" money we should be ok to file? I'm still a bit miffed that because we moved here in 2020 we didn't get any of the free $$$. I guess Indiana was the only state to use the 2020 return to determine residency instead of the 2021 return... no idea why that was a logical move.

[sheerbliss]

Here's what the Indiana Department of Revenue says:

In 2022, the Indiana General Assembly approved two Automatic Taxpayer Refunds (ATR(s)). Detailed information is available in Information Bulletin #110.

If you filed an Indiana resident tax return for the 2020 tax year by Dec. 31, 2021, you were eligible for and should have received both refunds ($125 and $200 ATRs) in 2022 as a direct deposit (either separately or combined) or as a check for a total of $325 (or $650 for those filing jointly).

However, because eligibility requirements for the $200 ATR differ from the initial $125 ATR, if you were not eligible for the initial $125 ATR, you may now be able to claim the $200 ATR as a refundable tax credit only if you:

received Social Security benefits in 2022 (eligibility documents will be required); and
are not claimed as a dependent on someone else’s 2022 Indiana income tax return
Note: If you already received the $325 ATR (or $650 for married filing jointly) or had all or part of the ATR offset due to other liabilities, do not claim the $200 ATR refundable tax credit.

To receive the $200 ATR refundable tax credit, qualified taxpayers must file a 2022 Indiana resident tax return no later than Dec. 31, 2023. That means some Hoosiers who do not normally file a tax return due to their income will need to file a 2022 state tax return to claim the ATR as a tax credit. Instead of a direct payment, the $200 tax credit will be received as a refund or applied toward any additional taxes owed.

Source: https://www.in.gov/dor/individual-in...xpayer-refund/

[Kluch]

Originally Posted by sheerbliss

Here's what the Indiana Department of Revenue says:



Source: https://www.in.gov/dor/individual-in...xpayer-refund/

Sooo... basically since I'm in my 30's this doesn't apply to me. Only those using social security at this point would qualify... huh, ok.

[sheerbliss]

H&R Block gave me an early filer discount. Possibly, that's as good a deal as getting a few more dollars back on my tax return.

I've already gotten my state and federal refund.

[Kluch]

Originally Posted by sheerbliss

H&R Block gave me an early filer discount. Possibly, that's as good a deal as getting a few more dollars back on my tax return.

I've already gotten my state and federal refund.

Wow, those third party filing company's are offering their own discounts now? That's pretty nice I suppose.

[ischyros]

Originally Posted by sheerbliss

Here's what the Indiana Department of Revenue says:



Source: https://www.in.gov/dor/individual-in...xpayer-refund/

Isn't this different from what the OP is talking about? This isn't any of the covid relief stuff. This was from the Indiana law that requires automatic refunds to taxpayers if the state budget meets certain criteria. Maybe it's all counted the same on the federal level but these automatic taxpayer refunds in Indiana have been a thing since before covid.

[rrah]

An update: it's okay to file now. IRS issued guidance this week.

https://www.irs.gov/newsroom/irs-iss...help-taxpayers

[sheerbliss]

Originally Posted by ischyros

Isn't this different from what the OP is talking about? This isn't any of the covid relief stuff. This was from the Indiana law that requires automatic refunds to taxpayers if the state budget meets certain criteria. Maybe it's all counted the same on the federal level but these automatic taxpayer refunds in Indiana have been a thing since before covid.

Ah, could be.

[sheerbliss]

Originally Posted by Kluch

Wow, those third party filing company's are offering their own discounts now? That's pretty nice I suppose.

I got a discount through Fidelity (they offer discounts on a bunch of online tax preparation services) on top of the early filer discount. And if you search online, you can find discount codes for them, too. No need to pay full price!

H&R Block says, "Our experts monitor tax law changes year-round. The latest changes passed by Congress are reflected in this program. We'll alert you in your return where there are changes or if new laws mean a delay in the IRS processing your return."