Indiana State Tax Info Flashcards

1
Q

Residents must file a state tax return if….

A

Residents must file if GI > Exemptions.

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2
Q

Indiana exemptions

A

Indiana allows $1,000 for each exemption on federal return plus an additional $1,500 for certain dependent children.
Taxpayers who are elderly and/or blind receive additional exemptions.

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3
Q

Indiana income tax rate

A

3.3%

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4
Q

Do part-year Indiana residents have to file an Indiana return?

A

Yes, for the income they received while an Indiana resident.

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5
Q

Do nonresidents have to file an Indiana return?

A

If they receive income from Indiana sources.

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6
Q

Indiana form to file (residents):

A

IT-40

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7
Q

Indiana form to file (part-year residents and non-residents):

A

IT-40PNR

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8
Q

Indiana return due date

A

April 15

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9
Q

Extension form

A

IT-9

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10
Q

Allowable extension

A

Indiana allows a 7-mo extension if the taxpayer files Form IT-9 and pays at least 90% of the tax due by April 15.

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11
Q

Reciprocity agreements (in other states):

A

Kentucky, Michigan, Ohio, Pennsylvania, and Wisconsin.

Full-year residents of one of these states w/only Indiana wage income file IT-40RNR.

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