Hoosiers would see the percentage of their income the state takes for taxes continue to decrease under a bill progressing through the Indiana House.
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The rapidly expanding landscape of not-for-profit, donor-backed collectives paying college athletes to promote charities has been hit with a potentially seismic disruption.
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A bill that would allow Indiana tech parks to capture a larger share of tax revenue is poised to become law after the Senate voted unanimously Monday to advance the legislation to the governor’s office.
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A powerful Senate Republican plans to introduce legislation next year to create a commission to consider changes to Indiana’s tax structure, including phasing out the state income tax.
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The IRS had assessed more than 120 million penalties against tens of millions of taxpayers for filing late returns, failing to pay taxes or failing to make required estimated tax payments between January 2020 and July 11, 2023.
The bigger refund checks reflect the major tax cut passed by Congress in July, which reduced many households’ tax bills.
Millions of Americans are expected to claim new federal income tax breaks for tips and overtime wages. But many people won’t get those same deductions on state income taxes.
A Trump administration official said the increase in refunds is due to tax breaks and spending cuts that impact taxpayers across income brackets.
Indiana lawmakers sent Gov. Mike Braun a hefty local finance bill on the last day of the legislative session, weighing in on thorny topics such as local income tax allocations, rental property caps and data centers.
The Senate plan is expected to reduce state tax revenue by about $250 million and apply to 2026 income on tax returns filed in 2027.
After months of asking for relief from the new tax structure imposed by the General Assembly in 2025, local units of government could see some relief under proposed changes to the state’s income tax code this session.
Diminished budgets, staffing reductions and postponed projects were the focus Wednesday as more than a dozen Hoosier mayors and town managers gathered to discuss the effects of Indiana’s new property tax system.
Municipal government leaders across Indiana are going pale in the face while they review budget forecasts for the next few years as a sweeping property tax relief law takes effect.
Long will take over an IRS undergoing massive change, including layoffs and voluntary retirements of tens of thousands of workers.
The IRS downsizing is due to a series of moves, spurred by Elon Musk’s Department of Government Efficiency, to cut the agency’s workforce.
Indiana cabinet members, lawmakers, lobbyists and more gathered Wednesday to celebrate Gov. Mike Braun’s first 100 days in office—but the man of the hour had tough words for his second-in-command.
Legislators determined to cut property tax bills for homeowners and businesses are set to leave local officials with difficult choices about whether to cut services or raise income taxes to make up for substantial funding gaps.
In order for the decreases to kick in, the legislation stipulates that the state’s revenue must hit certain growth benchmarks.
The program developed during Joe Biden’s presidency was credited by some with making tax filing easy, fast and economical, while others said it was frequently difficult to use.
Acting IRS commissioner Melanie Krause—the tax agency’s third leader since President Donald Trump’s inauguration—will participate in the deferred resignation program the Trump administration offered to agency employees in recent days, sources said.
The framework now moves to the House, which must pass it before lawmakers can start working on the bill itself.
The Taxpayer Advocate Service is part of the IRS but operates independently as its internal watchdog. It identifies major problems facing taxpayers, recommends fixes and assists people with individual problems.
The Indiana State Budget Agency noted that higher-than-expected collections from income tax revenue outweighed lower-than-expected collections from sales tax and interest revenue.
Bill author Sen. Greg Walker, R-Columbus, said the tax credit is one of many measures lawmakers should consider to make it easier for Hoosiers to afford to have children.
