Post # 1
Hey bees, always do my own taxes, as I am single and I can use the EZ file.
This year, however, my state is offering a new deduction, this is what it says :
Can anyone explain to me what exactly a state tax liability is? I did a quick google search but it didn’t help much. I am rather uncertain and turbotax doesn’t really offer any quicklinks to it!
Hoosiers Automatic Refund Credit
Indiana offers a new automatic refund credit if you or your spouse meet the following criteria:
Must have timely filed a 2011 Indiana return as a full-year resident
Must timely file a full-year resident return for 2012
Must have a state tax liability for 2012
Post # 3
… And it’s on the wrong board, I swear I clicked NWR..
Post # 4
I live in Indiana and haven’t heard of this…. I’m interested to find out as well!!
Post # 5
@SoonToBeMrsDonnieW: I only found it because i was doing my taxes on turbotax, like I do them every year, and it brough it up. But it doesn’t really give any information, usually there’s links that explain what it means.. but that one doesnt.
Post # 6
That is strange. I do mine on paper for free, and haven’t started yet. still waiting on a W-2. I wonder if you could call H&R block or something similar? Maybe they can explain it for free?
Post # 7
- Wedding: March 2013 - Callanwolde Fine Arts Center
@jenilynevette: I would try asking turbo tax. I’m pretty sure they have a forum that their tax experts use to answer questions.
Post # 8
A state tax liability means that in the referenced year, you had any income on which tax was collected or due amd payable to the state (not the Feds). It doesn’t mean you owed at the end of the year, just that you earned enough to have to pay taxes to the state, and you didn’t itemize or offset it all away. Google is your friend.
Post # 9
I think it might be for the extra tax money they’re giving in IN this year. I know I heard something on the news about everyone getting an extra $110 back from the state due to some surplus of money they found or something crazy. Not sure if that’s what this is referring to?
Post # 10
@Robin_Sparkles: Most likely. I wasn’t going to claim it before I knew exactly what is was.
I think fishbone is right, but I’m going to go ahead and consult turbotax on it anyway, just in case.