News & Resources

Have questions? Looking for helpful resources and links? We’ve put together these resources to help you get answers to your questions. Need more information, give us a call!  Also, don’t forget to check out our blog for the latest information.

Below are the resources we’ve assembled to help you on your financial journey. Click these buttons to quickly find the information you’re looking for and please don’t hesitate to give us a call if you have any questions.

Latest news, blogs, events and resources from our team…

Our goal is to share pertinent information with you through our blogs, resource links, social media posts and updates. On our blog you’ll find all the tools resources and information you need. Have questions? Give us a call!

4 Benefits to Offering Employer-Sponsored Retirement Plans

Did you know there are many benefits to offering an Employer-Sponsored Retirement Plan to your Employees? Not to overstate the obvious, but so far 2020 has been a rough year and even tougher for small business owners. Now that it is October it is time to plan and...

read more

Virtual Event: Medicare Made Clear and Open Enrollment

RSVP today! Medicare open enrollment is available October 15th through December 7th. Join us for this virtual event on November 10th, 11am where Ruth Hoffman, Storen’s Medicare Benefits Specialist, walks you through the Medicare process, open enrollment guidelines and...

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Virtual Event: The Strike Zone with Greg Storen

New Investment Educational Series Join us for an exciting new program, our fall educational series “The Strike Zone” hosted by Greg Storen. This 7-week long virtual series will focus on investment and financial strategy hot topics that will help guide you along a...

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Storen Team Day!

We gathered to share knowledge, discuss innovative solutions, and more At Storen Financial, our clients are the primary focus of everything we do—and the reason we strive to be better prepared and well informed. Because of this commitment, we spent Tuesday, September...

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Scams & Identity Theft

Phone scams, email phishing scams, and identity theft continue to grow and become more sophisticated. We are providing information courtesy of the IRS and the Indiana Department of Revenue to assist you. We will also keep our blog updated as we learn of new developments.

Please know that the IRS will never initiate contact with you over the phone demanding money, nor will they demand that you pay by a cash card immediately or you will be arrested. This is just one scam—but one that has happened all over the U.S. and many cases here in Central Indiana. Be aware!

Helpful links to read the most up to date information:

How can we help?

At Storen Financial, we offer so much more than tax preparation and accounting services. We go beyond the numbers to provide our clients with financial planning, in-depth consulting, and year-round support. Looking for more info? Click below to learn more.

Frequently Asked Questions

How do I track my refund?

NEW! IRS2Go is the official mobile app of the IRS. Click here to learn more and as always, feel free to contact us with any questions you have.

Is there an age where Social Security is not taxed?

No, federal taxation of SS benefits is based on income level and not age. Anywhere from 0% to 85% of the SS benefit can be taxable based on how much other income a taxpayer is reporting. Note, Indiana does not tax anyone’s social security benefits. Click here to see more FAQs.

How are Indiana State and Local taxes calculated?

For new residents of Indiana, there is a learning curve on understanding State & Local taxes. Indiana has a flat rate for the State of 3.23%. So if you have $10,000 or $1,000,000 of taxable income, you are taxed at the same rate. In addition to this, each individual pays a county tax and each County can set their own tax rate. County rates range from .35% for Jefferson to 3.38% for Pulaski. There are a few exceptions to the rule, but an Indiana taxpayer is subject to County taxes based on where they lived on January 1st of the tax year. Click here to see more FAQs.

How much retirement income is taxed in Indiana?

Like a lot of other States, Indiana does not tax Social Security Benefits. Also, Indiana gives a full or partial deduction for pensions that originate from Railroad Retirement Board, Office of Personnel Management and Defense Finance and Accounting Service (Military Retirement). If one is not lucky enough to be receiving retirement from one of the listed entities, then your retirement income will be fully taxable to State and County. To keep from owing to Indiana on your Tax Return, please ask the Administrator if they will withhold State taxes on the benefits. If they do, then as a rule of thumb, we tell clients that 5% withholding will cover most taxpayers in the state. This covers both State and County rates. If someone knows that they live in a county with a rate greater than 1.7%, then take the percentage up to have withheld 6% or 7%. If the Administrator will not withhold State taxes, then Quarterly Estimates may need to be sent in. Like the Federal, Indiana can charge an Underpayment Penalty if more than $1,000 is owed at the end of the year.Click here to see more FAQs.

What do I bring to my tax appointment?

Get the full list of the items you need here in this checklist.

The Latest News from Storen

4 Benefits to Offering Employer-Sponsored Retirement Plans

Did you know there are many benefits to offering an Employer-Sponsored Retirement Plan to your Employees? Not to overstate the obvious, but so far 2020 has been a rough year and even tougher for small business owners. Now that it is October it is time to plan and...

read more

Contact us with any questions you might have!

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