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March 4, 2009
In these tough financial times everyone is looking for ways to reduce his or her state tax burden. This is especially important to keep in mind when filing your taxes.
The state allows deductions that reduce the amount of your income that is taxable. For example, three deductions people may take include:
The state also allows tax credits that reduce the amount of the tax you must pay. For example, three credits people may take are:
For more information on these deductions and credits check out the Department’s new Spanish Web site where you can find the translated IT-40 booklet. In this booklet you can find descriptions for all the deductions and credits that are available. Just visit, www.in.gov/dor/3326.htm
If you have any questions and would like to speak with a bilingual representative at the Indiana Department of Revenue, please call (317) 232-2240 (press 2 for Spanish) from 8 a.m. to 4:30 p.m., Monday through Friday. Or you can submit questions via e-mail to email@example.com
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