TAX TIPS -Volume 2
If you have paid rent in 2014 in connection with your principal place of residence, you may be able to claim a deduction up to $3,000 on your Indiana tax return. Contact our office to see if you qualify for this deduction.
If you contribute to an Indiana CollegeChoice 529 education savings plan, you may be able to take a credit on your Indiana tax return for contributions made to that plan. Contact our office for more details.
Are you saving for
your kids' college?
If you paid property tax to Lake County on your residence and you meet earned income limits, you may be able to take advantage of a special credit on your Indiana tax return. Contact our office to see if you are eligible.
Taxpayers with a qualified home office may be able to utilize a simplified method for computing the home office deduction. Contact our office to find out more about this new method.