Indiana stops $88M in identity theft in 2014

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The Indiana Department of Revenue says it stopped over $88 million in identity theft in 2014 thanks to new security measures. 

Hoosiers should expect to see similar security measures during the 2015 tax season (which begins Jan. 20), including the Identity Confirmation Quiz, a two-minute quiz asking some taxpayers to verify their identities.

The Department of Revenue says the $88 million figure came from stolen or manufactured identity theft tax refunds stopped (out of $800 million in total requested refunds); 74,000 fraudulent returns identified (out of 2.2 million total returns requesting refunds); 3.5 percent of all tax returns were fraudulent.

In thousands of cases, the Department of Revenue says the increased security features helped taxpayers from Indiana and other states realize their identities had been stolen and used to file for an Indiana tax refund.

Identity theft is a huge issue, and Indiana residents are reminded to be cautious when managing their and their families' personal information. Take care to secure sensitive documents like W-2 forms, bank account summaries and other tax-related documents.

Hoosiers with questions about protecting their identities can visit the department's Stop ID Theft website. Hoosiers can also sign up for the Attorney General's ID Theft Protection Tool Kit.