Note: This message is displayed if (1) your browser is not standards-compliant or (2) you have you disabled CSS. Read our Policies for more information.
Dec. 21, 2010
With the holidays here, you might already be thinking about that refund you may get when you file your Indiana individual income taxes early 2011. While you may be tempted to file your taxes first thing in January with your last pay stub from 2010 – the Indiana Department of Revenue urges you not to do it. Completing your taxes right the first time will make waiting for your W-2 worth it.
Here are the top three reasons why you should just wait for your official W-2 before filing your 2010 taxes:
Returns can be delayed if they are filed without a W-2. The major different between a pay stub and a W-2 is that a pay stub is not considered an official document by which to file your return, while a W-2 document is. If you mail in your return and attach your pay stub instead of a W-2, you can expect to get a letter from the Indiana Department of Revenue requesting the official W-2. By the time you finally get your W-2 and mail it to the Indiana Department of Revenue, you would have delayed any refund due to you, rather than speed up the process.
You must use your W-2 to file your taxes electronically.If you use I-File, the state’s fast, friendly and free electronic filing program (www.ifile.in.gov/), go to a paid preparer. or buy the tax-preparation software and file yourself, you must input information from your W-2. The information from your pay stub is not complete, is not the same as on the W-2, and will not be accepted by the federal or state government.
Navigating a pay stub can be tricky. If the information on the pay stub is inaccurate or incomplete, compared with your W-2, it can result in your tax return being incorrect .Your pay stub may not have all your taxes and other tax-saving items accounted for, therefore causing your tax return to be inaccurate.
Waiting for your official W-2 shouldn’t take long. Your employer is required to make your W-2 available to you by the end of January (at the latest), and most employees get their W-2s before then. That’s a short wait compared to the delays you would experience if you choose to use your pay stub to file your 2010 taxes.
However, if you wait to file your tax return with your official W-2, your tax return will be filed correctly the first time and if you do have a refund coming, you will get it quicker. This is especially true if you use Indiana’s fast, friendly, free online program, I-File, to file your state taxes. People who electronically file through I-File generally receive their refunds within 7 to 12 days, some in as little as three days if they have their funds electronically deposited into their bank accounts.
If you have questions or concerns about the upcoming tax season, you can always speak to a bilingual representative by calling (317) 232-2240 (press 2 for Spanish) from 8 a.m. to 4:30 p.m., Monday through Friday. You can also e-mail your questions to email@example.com
Also, be sure to visit and subscribe to the Department’s Spanish website at www.impuestos.in.gov/ to get the latest tax updates.
To return to Señora Hinojosa’s tax blog, click here.
If you have any suggestions for this blog, please e-mail those suggestions to Señora Hinojosa at firstname.lastname@example.org