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Category: Indiana
53 Articles
Orange arrow Indiana Disability Retirement Deduction

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  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 ...
Posted in: STATES, Indiana

Orange arrow Indiana Medical Savings Account Deduction

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  You may be eligible for a deduction if your employer deposited funds in certain medical care savings accounts. If you received Form IN-MSA from the account provider you should deduct any medical withdrawals and exempt interest income reported in Box 2 and/or Box 7. Note: You are not eligible to cl...
Posted in: STATES, Indiana

Orange arrow Indiana Military Service Deduction

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  Military Service Deduction The income on line 1 of Form IT-40 may include active or reserve military pay. If it does, you will be able to take a deduction (regardless of your age). Also, if you are retired from the military or are the surviving spouse of a person who was in the military, you may b...
Posted in: STATES, Indiana

Orange arrow Non-Indiana Locality Earnings Deduction

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  You may be allowed a deduction if you have income being taxed by a locality (local governmental unit) located in another state. A "locality" could be a city, county, parish, etc. Example. You earned wages in Louisville, KY. Your employer withheld a Louisville city (locality) tax. Since your wages ...
Posted in: STATES, Indiana

Orange arrow Indiana Insulation Deduction

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  You may be able to take this deduction if you installed new insulation in your Indiana home. Insulation includes weather stripping, double pane windows, storm doors and storm windows. To take this deduction the following requirements must be met: - The insulating items must have been installed in ...
Posted in: STATES, Indiana

Orange arrow Indiana Partnership Long Term Care Policy Premiums Deduction

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  You may take a deduction for the amount of premiums paid for Indiana partnership long-term care insurance. Important: The Indiana partnership policy will have the following box of information on the outline of coverage, the application or on the front page of the policy: This policy qua...
Posted in: STATES, Indiana

Orange arrow Indiana Other Deductions

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  Civil Service Annuity Deduction 601 Disability Retirement Deduction 602 Enterprise Zone Employee Deduction 603 Human Services Deduction 605 Indiana Lottery Winnings Deduction 606 Indiana Net Operating Loss Deduction 607 Indiana Partnership Long-Term Care Policy Premiums Deduction 608 Enfo...
Posted in: STATES, Indiana

Orange arrow Indiana College Credit

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  Tax Credit for College Donations – With this credit, you may get a state credit and a deduction on your federal tax return. Making a contribution to support your Indiana college of choice could net you up to a $100 (if filing singly) or $200 (if married filing jointly) credit when you file yo...
Posted in: STATES, Indiana

Orange arrow Is Indiana Use Tax Due on Out-of-State Purchases?

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  If you have purchased items while you were outside Indiana, through the mail (for instance, by catalog or offer through the mail), through radio or television advertising and/or over the Internet, these purchases may be subject to Indiana sales and use tax, if sales tax was not paid at the time of ...
Posted in: STATES, Indiana

Orange arrow Indiana Refund Options

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  You may choose to have your refund deposited in your checking, savings or Hoosier Works Master Card account. If you want your refund directed into your checking or savings account, complete lines 22 a, b, c and d. Caution. If you choose this option, make sure to verify the account information afte...
Posted in: STATES, Indiana

Orange arrow Indiana Payment Options

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  There is no Direct Debit option for Indiana. There are several ways to pay the amount you owe. Make your check, money order or cashier’s check payable to: Indiana Department of Revenue. Just include the payment loose in the envelope. Do not staple it to the return. Do not send cash. You ...
Posted in: STATES, Indiana

Orange arrow Indiana Renters Deduction

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  You may be able to take the renter’s deduction if: • You paid rent on your principal place of residence, and• You rented a place that was subject to Indiana property tax. Your “principal place of residence” is the place where you have your true, fixed, permanent home a...
Posted in: STATES, Indiana

Orange arrow Indiana Homeowner's Residential Property Tax Deduction

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  You may be able to take a deduction of up to $2,500 of the Indiana property taxes (residential real estate taxes) paid on your principal place of residence. Your principal place of residence is the place where you have your true, fixed home and where you intend to return after being absent. Note. P...
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Orange arrow What is the Indiana Civil Service Annuity Deduction?

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  If you received a civil service pension (nonmilitary*) and are at least 62 years of age, then you may be eligible for up to a $2,000 deduction. For more details, view Information Bulletin #6. *See Military service deduction: Active, reserve and retirement pay for information about the taxability ...
Posted in: STATES, Indiana

Orange arrow Indiana Lottery Winnings Deduction

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  Some winnings issued by the Hoosier Lottery Commission may be taxed by Indiana. If you win any prize money from the Indiana Hoosier Lottery Commission, by winning: An instant game; or An on-line game such as Hoosier Lotto, Powerball, Mega-Millions, etc., you may be eligible for a deduction. ...
Posted in: STATES, Indiana


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