Wednesday, May 14, 2014

Herald-Times Reports Young Owed Property Tax After Mistake with Homestead Credit

From the Bloomington Herald-Times:

Ninth District U.S. Rep. Todd Young, R-Ind., paid $5,300 in back taxes after it was discovered that he wrongly claimed a homestead credit, which both the congressman’s office and the Monroe County auditor say was an honest mistake.

Last month, a CNN investigation found that at least eight members of the House Committee on Ways and Means — which is responsible for writing tax law — had faced some sort of tax problem, including Young. CNN reported Young paid $1,500 in penalties after a mix-up with his mortgage escrow. Young said he took responsibility to ensure the errors would not happen again.