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Indiana Disability Retirement Deduction

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Indiana Disability Retirement Deduction

Answer

Disability Retirement Deduction 602

To take this deduction you must have been:

  • Permanently and totally disabled at the time of retirement,
  • Retired on disability before Dec. 31, 2014, and
  • Received disability retirement income during 2014

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 Form IT 2440.

This deduction is limited to a maximum of $5,200 per qualifying individual.

 


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Views: 338 Created on: Jun 15, 2013
Date updated: Sep 29, 2015
Posted in: STATES, Indiana

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