Hoosier small businesses can get greater federal tax savings this year because of the first bill from the 2023 session thats been signed into law.

Indiana lawmakers are exploring ways to help Hoosiers dealing with big increases in property taxes. But the legislation discussed in a House committee Thursday won't affect this year's tax bills at all.

Hoosiers individual income taxes will go down a little, starting Jan. 1, the first step in a multi-year tax cut.

That tax rate will be 9.5 cents less than August's record-high rate of 62.4 cents.

Indiana Senate Republicans want the state to take a comprehensive look at its tax system -- with an eye towards eliminating the income tax by the end of the decade.

Indiana is one of four states that taxes student loan forgiveness. This will include President Joe Biden's recent one-time cancellation of student loan debt for eligible borrowers.

Less than a quarter into its new fiscal year, Indiana has already collected hundreds of millions more in taxes than expected.

Most Marion County property owners will receive a credit on their Spring 2023 property tax bill to help alleviate a rise in prices.

The Indiana Department of Revenue confirmed in an email to the Associated Press Tuesday that residents are required to list their forgiven loans as taxable income per Indiana law.

That tax rate will be 5.4 cents less than August's record-high rate of 62.4 cents, a fluctuation that comes as Indiana's 7% sales tax on gasoline is calculated monthly along with a set tax directed to road projects.