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Tax Relief in Indiana

Indiana residents tend to fare well across various measures of personal tax responsibility in comparison with the rest of the United States. For example, Indiana's flat rate of 3.4% for individual income tax ranks 10th lowest in the nation among states that levy an individual tax. The total tax collected per person with respect to both state and local taxes is approximately $838 in a typical year, putting the state in 22nd place. Also, with an average of $971 in property taxes levied per capita, Indiana is the 15th lowest nationwide.

At the federal level, the average income tax per resident is $8.739, making Indiana the 38th lowest among the fifty states.

However, Indiana has not been immune to the decline in the median household income level across the country, experiencing a significant 11.5% drop to an average of $50,553 per resident. This decline in income, combined with individual job loss, medical expenses, and other unexpected circumstances have led a number of Indiana residents to seek tax relief, as they face challenges in meeting their tax obligations in light of financial struggles. These struggles can include living from one paycheck to another, using every last dollar to pay the mortgage or rent, to put food on the table, to keep the heat and water on, and even to pay for the gasoline necessary to get to work; it can be difficult to set aside savings for tax bills when there's barely enough - and sometimes not enough - for immediate needs.

Tax relief companies are able to utilize strategies of negotiated penalty abatement, audit representation and reconsideration, and tax return amendment and review, among others, to help clients get out of their tax debt problems. Indiana residents who are delinquent in tax payments can use tax relief strategies to eliminate the stress of owing the IRS and state tax authorities, and to reduce the likelihood of having wages garnished or assets seized.

 

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Tax Relief In The News

Lamont offers more tax relief in jobs plan

Democrat Ned Lamont has come down hard on his GOP rival for proposing unprecedented tax relief with no plan to pay for it. But Wednesday, Lamont unveiled a jobs plan centered on three business tax ...

Published:  Wed, 19 Sep 2018 14:49:00 GMT



IRS Announces Tax Relief For Taxpayers Affected By Hurricane Florence

Carolinas' Coast Line Recovers From Hurricane Florence, As Storm Continues To Pour Heavy Rain On The States2018 Getty Images The Internal Revenue Service (IRS) has announced tax relief for victims of ...

Published:  Sat, 15 Sep 2018 11:42:00 GMT



Tax relief! You don't have to pay income tax on this money gift

zeenews.india.com understands that your privacy is important to you and we are committed for being transparent about the technologies we use. This cookie policy explains how and why cookies and other ...

Published:  Thu, 20 Sep 2018 00:07:00 GMT



ERDMAN: Nebraska needs property tax relief

Nebraskans desperately need property tax relief. Over the past ten years property valuations on agricultural land have increased 252 percent statewide and taxes have increased 162 percent. Meanwhile, ...

Published:  Sat, 15 Sep 2018 23:00:00 GMT



Sales tax exemptions eyed to fund Nebraska property tax relief

Nebraska's long list of state sales tax exemptions was identified Thursday as the best potential revenue source to help fund substantial local property tax relief during a legislative forum ...

Published:  Thu, 13 Sep 2018 13:30:00 GMT



Getting property tax relief

As we move forward to the general election, we must remember that state leaders can provide municipal property tax relief through their work on the next state biennium budget and I am asking that they ...

Published:  Mon, 17 Sep 2018 21:14:00 GMT



SW council adopts broad senior tax relief ordinance

SOUTH WINDSOR - The Town Council on Monday unanimously approved a senior tax stabilization ordinance, raising the annual income limits to include more seniors in town. Proposed by Deputy Mayor Andrew ...

Published:  Tue, 18 Sep 2018 10:16:00 GMT



CPAs Ask IRS For Penalty Relief Under Transition Tax Rules

Law360 (September 19, 2018, 4:58 PM EDT) -- IRS guidance on the new transition tax on foreign earnings hasn't yet answered questions that individuals, trusts and estates have about their tax liabiliti...

Published:  Wed, 19 Sep 2018 17:21:00 GMT



Trump's steep China tariffs won't include art and artifacts-to the great relief of concerned dealers.

U.S.-based dealers who deal largely with artwork made in China can breathe a sigh of relief. In July, a list of Chinese-made goods set to be hit with a 10 percent tax-as part of the trade war being wa...

Published:  Wed, 19 Sep 2018 09:48:00 GMT



Scott Walker seeks tax relief for seniors, parents in upcoming state budget

Scott Walker seeks tax relief for seniors, parents in upcoming state budget Scott Walker is seeking to provide more tax relief for seniors and parents paying for child care over the next two years if ...

Published:  Tue, 18 Sep 2018 06:54:00 GMT




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