Income taxes – Indianapolis Business Journal

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Bill proposing continued income tax rate cuts passed by committee

January 21, 2025

Cate Charron

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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IRS throws chill into collectives paying college athletes while claiming not-for-profit status

June 30, 2023

Associated Press

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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IRS might owe you a refund for coronavirus-era fines. Here’s how to apply.

May 6, 2026 | Associated Press

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.

Tax refunds shoot up as Americans take advantage of new deductions

April 15, 2026 | The Washington Post

The bigger refund checks reflect the major tax cut passed by Congress in July, which reduced many households’ tax bills.

What to know about tax breaks for tips, overtime when filing state tax returns

April 12, 2026 | Associated Press

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.

IRS touts 24% increase in tax refunds over previous administration

April 9, 2026 | Associated Press

A Trump administration official said the increase in refunds is due to tax breaks and spending cuts that impact taxpayers across income brackets.

Where did lawmakers land on data center payments, rental caps, IEDC credits?

February 27, 2026 | Marek Mazurek

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.

State tax cut for overtime, tips clears Senate; House sends other tax breaks to Braun

January 29, 2026 | Tom Davies, Indiana Capital Chronicle

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.

Municipal groups welcome newly filed bills to adjust local income tax structures

January 6, 2026 | Marek Mazurek

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.

Municipal advocacy group requests tax fixes ahead of 2026 session

November 13, 2025 | Marek Mazurek

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.

As new tax bill takes effect, local officials fret

July 4, 2025 | Daniel Bradley

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.

Ex-congressman Billy Long confirmed as commissioner of IRS, an agency he once sought to abolish

June 13, 2025 | Associated Press

Long will take over an IRS undergoing massive change, including layoffs and voluntary retirements of tens of thousands of workers.

IRS lost 31% of tax auditors in DOGE downsizing, watchdog finds

May 5, 2025 | Bloomberg News

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.

Braun chides Beckwith for Three-Fifths Compromise comments, defends tax plan

April 30, 2025 | Leslie Bonilla Muñiz, Indiana Capital Chronicle

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.

State property tax plan might prompt local income tax hikes

April 18, 2025 | Cate Charron

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.

Braun OKs future state income tax cuts contingent on unlikely revenue growth

April 17, 2025 | Cate Charron

In order for the decreases to kick in, the legislation stipulates that the state’s revenue must hit certain growth benchmarks.

Trump administration to end IRS Direct File program for free tax filing, sources say

April 16, 2025 | Associated Press

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.

Latest IRS chief to quit over deal to share data with immigration authorities

April 8, 2025 | The Washington Post

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.

Senate takes a crucial step toward extending Trump tax cuts

April 6, 2025 | The Washington Post

The framework now moves to the House, which must pass it before lawmakers can start working on the bill itself.

Trump administration plans 25% staff cut at IRS taxpayer help office

March 17, 2025 | The Washington Post

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.

State revenue collections continue to exceed projections

March 10, 2025 | Alex Brown, Inside INdiana Business

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.

Senate advances new $500 child tax credit

February 24, 2025 | Cate Charron

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.

MAY 22-28, 2026

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