So I did my income taxes on Saturday. I got a bit of a refund, half of what I got back last year, despite only making a little bit more than I did last year. Marginal tax rates above a certain threshold are a bitch! In particular, the phaseout of the child tax credit really killed me. My marginal tax rate has to be over 50%.
So that "free code" for e-filing your Indiana income tax did not work for me. It was only for the web version of H&R Block, I like to get the disc and have everything on my computer. The code doesn't work with their software product, only the web product. So I filed the old fashioned way, on paper, in an envelope, in the mail.
I did discover that if you have an Indiana "College Choice" 529 account, you can get a credit for your contributions. I've never gotten more than a token refund from Indiana (reflecting our flat income tax), but this year I did much better than that. Look into it if you are able.
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529 credit is 20% of contribution up to a maximum of $1,000 tax credit.
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