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Indiana Disability Retirement Deduction

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Question
Indiana Disability Retirement Deduction

Answer
To take this deduction you must have:
- Been permanently and totally disabled at the time of retirement,
- Retired on disability before Dec. 31, and
- Received disability retirement income during the year.
If you meet these qualifications, you must complete Schedule IT-2440 and have it signed by your doctor to claim this deduction. Schedule IT-2440 must be enclosed with your tax return when claiming this deduction.
For more information about this deduction see Income Tax Information Bulletin #70 at www.in.gov/dor/3650.htm and Schedule IT-2440 at www.in.gov/dor/4167.htm
This deduction is limited to a maximum of $5,200 per qualifying individual.
Note: Social Security disability income does not qualify for this deduction because Indiana does not tax this income.

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Views: 1141 Created on: Jun 15, 2013
Date updated: Aug 14, 2015
Posted in: STATES, Indiana

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