According to experts at financial site WalletHub, Indiana residents have fewer resources when it comes to preparing for Tax Day. Their most recent study shows Indiana ranks third worst in helping residents on taxes.
According to CEO of WalletHub Odysseas Papadimitriou, Indiana residents should start looking into free, online tax help services.
“I think the biggest takeaway is that tax help is expensive and hard to find in Indiana relative to other states, and that’s also reflected by the fact that a lot of people don’t do such a good job on their refunds,” Papadimitriou says.
Researchers at WalletHub used seven metrics like affordability of assistance and the actual amount of tax returns. One thing that stood out about Indiana, Papadimitriou says, is a lot of unmet demand for accounting jobs.
“I think for college students looking for a profession going toward accounting, it can be pretty lucrative,” he says.
Indiana University Kelley School of Business Accounting Professor Jerrold Stern says with less resources available, those needing tax assistance should not wait until the last minute to file.
“At this point, the sooner the better to get into any of these tax preparers, because we’re right close to the deadline and the longer you wait the longer these lines will be,” he says.
Monroe County currently has eight locations providing free tax preparation assistance. More information may be found through the United Way of Monroe County.