Indiana State Tax Info Flashcards
Residents must file a state tax return if….
Residents must file if GI > Exemptions.
Indiana exemptions
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.
Indiana income tax rate
3.3%
Do part-year Indiana residents have to file an Indiana return?
Yes, for the income they received while an Indiana resident.
Do nonresidents have to file an Indiana return?
If they receive income from Indiana sources.
Indiana form to file (residents):
IT-40
Indiana form to file (part-year residents and non-residents):
IT-40PNR
Indiana return due date
April 15
Extension form
IT-9
Allowable extension
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.
Reciprocity agreements (in other states):
Kentucky, Michigan, Ohio, Pennsylvania, and Wisconsin.
Full-year residents of one of these states w/only Indiana wage income file IT-40RNR.