Monday, January 27, 2014

Trib Star Reports State and Federal Tax Season Opens at End of Month

From the Terre Haute Tribune Star:

The Indiana Department of Revenue and the IRS will open the 2014 filing season and begin processing individual income tax returns Jan. 31.

The Department of Revenue will offer qualified taxpayers a free filing service, called Indiana freefile (INfreefile), to file federal and state taxes online. Last year, more than 118,000 taxpayers used INfreefile to file their Indiana taxes. However, nearly 1 million Hoosier taxpayers qualify.

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.

If not qualified for INfreefile, taxpayers can e-file federal and state tax returns using other vendors.

There are advantages to electronically filing:

• Faster refunds — E-filed returns are processed in 10 to 14 days, while a paper return can take up to 10 to 12 weeks.

• Increased security — Fewer people see the 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 2 percent error rate, versus 20 percent for paper returns.

The department has extended its customer service office hours during the tax season to the following:

• January — Monday to Friday, 8 a.m. to 4:30 p.m.

• February to April — Monday to Friday, 8 a.m. to 5 p.m.
http://www.tribstar.com/business/x1427973253/State-federal-tax-season-opens-at-end-of-month