Fillable Indiana It 40 Form Create Your Indiana It 40

Fillable Indiana It 40 Form

The Indiana IT-40 form is the official document used by full-year residents of Indiana to file their individual income tax returns. This form collects essential information, including your income, deductions, and any taxes owed or refunds due. Completing the IT-40 accurately ensures compliance with state tax laws and can help you maximize your tax benefits.

To fill out the form, click the button below.

Create Your Indiana It 40

Documents used along the form

When filing your Indiana IT-40 form, several other documents may be required to ensure accurate reporting of your income and taxes. Below is a list of common forms that often accompany the IT-40. Familiarizing yourself with these documents can streamline the filing process and help avoid delays.

  • Form IT-40PNR: This form is used by part-year residents to report income earned while living in Indiana. It helps determine the correct tax liability for the period of residency.
  • Schedule CT-40: This schedule is necessary for reporting county tax due. It provides information about the county where you lived and worked, which can affect your tax rate.
  • Schedule 1: This schedule allows taxpayers to report additional income or adjustments to income that are not included on the main form. It's essential for calculating Indiana add-backs.
  • Schedule 2: Used for reporting deductions specific to Indiana, this schedule helps reduce your taxable income and ultimately your tax liability.
  • Schedule 3: This document is used to report exemptions that may apply to you or your dependents, which can further decrease your taxable income.
  • Schedule 4: This schedule accounts for any other taxes owed, such as local taxes or specific Indiana taxes not covered elsewhere.
  • California Boat Bill of Sale: To ensure a smooth transaction when purchasing a boat, it's important to download and fill out the form to document the sale and ownership transfer.
  • Schedule 5: This schedule is for reporting any credits you may qualify for, which can directly reduce your tax bill.
  • Schedule 6: This document is used to report offset credits that can also lower your overall tax liability.
  • Schedule IN-DONATE: If you wish to make a donation to a qualified charity, this schedule allows you to report those contributions, which can be deducted from your tax owed.
  • Form IT-2210: This form is necessary if you owe a penalty for underpayment of estimated taxes. It helps calculate any penalties incurred due to insufficient tax payments throughout the year.

Being prepared with these additional forms can significantly ease the process of filing your Indiana taxes. Ensure that you gather all necessary documentation to avoid any complications or delays in processing your return.

Common mistakes

  1. Incorrect Social Security Number: One of the most common mistakes is entering the wrong Social Security Number (SSN). Ensure that both your SSN and your spouse's SSN, if applicable, are accurate and match the numbers on your Social Security cards.

  2. Neglecting to Enclose Required Schedules: Failing to include necessary schedules, such as Schedule 1, Schedule 2, and Schedule 3, can lead to delays or rejections. Always double-check that you have attached all required documents.

  3. Errors in Income Calculation: Miscalculating your federal adjusted gross income (AGI) can result in incorrect tax amounts. Carefully transfer the AGI from your federal Form 1040 or 1040-SR to the IT-40 form.

  4. Missing Signatures: A signature is essential for your return to be valid. Be sure both you and your spouse sign and date the form before submission. Without signatures, the return may not be processed.

  5. Ignoring the Filing Deadline: Submitting your tax return after the due date can lead to penalties and interest. Mark your calendar for April 15, and consider filing early to avoid last-minute issues.

Key takeaways

  • The Indiana IT-40 form is for full-year residents filing their individual income tax return. Ensure you are using the correct version for the tax year you are filing.

  • Fill in your personal information accurately, including your Social Security Number, name, and address. This information is essential for processing your return.

  • Calculate your federal adjusted gross income (AGI) from your federal tax return and enter it on line 1. This figure is the starting point for your Indiana tax calculations.

  • Complete any necessary schedules, such as Schedule 1 for Indiana Add-Backs and Schedule 2 for Indiana Deductions. Make sure to enclose these schedules with your form.

  • Review the calculations for Indiana taxes carefully. This includes state tax, county tax, and any other applicable taxes. Ensure that all figures are accurate before submission.

  • File your return by the due date, which is typically April 15. If you are mailing your return, use the correct address based on whether you are enclosing payment or not.

Form Breakdown

Fact Name Details
Form Purpose The IT-40 form is used by Indiana residents to file their individual income tax returns for the tax year.
Filing Deadline Taxpayers must file the IT-40 by April 15 of the year following the tax year, unless an extension is granted.
Eligibility This form is specifically for full-year residents of Indiana. Part-year residents should use a different form.
Required Information Taxpayers need to provide their Social Security number, federal adjusted gross income, and county codes where they lived and worked.
Amendments If you need to amend a previously filed return, you can indicate this by placing an “X” in the designated box on the form.
Indiana Governing Law The IT-40 form is governed by Indiana Code Title 6, which outlines the state's income tax laws.
Additional Schedules Taxpayers may need to include additional schedules (e.g., Schedule 1, Schedule 2) depending on their individual tax situations.

Check out More Forms

Form Example

Form

IT-40

State Form 154

(R21 / 9-22)

Your Social Security Number

Your first name

2022

Indiana Full-Year Resident

Due April 18, 2023

 

Individual Income Tax Return

 

 

 

If filing for a fiscal year, enter the dates (see instructions) (MM/DD/YYYY):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Place “X” in box

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

from

 

 

 

 

 

 

 

 

 

to:

 

 

 

 

 

 

 

 

 

 

 

if amending

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Spouse’s Social

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Security Number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Place “X” in box if applying for ITIN

 

 

 

Place “X” in box if applying for ITIN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Initial

 

 

Last name

 

 

 

 

 

 

 

 

Suffix

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

If filing a joint return, spouse’s first name

Initial

 

Last name

 

 

 

 

Suffix

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Present address (number and street or rural route)

 

 

 

 

 

 

Place “X” in box if you are

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

married filing separately.

 

 

 

 

 

 

 

 

 

 

 

City

 

 

 

 

 

State

 

ZIP/Postal code

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign country 2-character code (see instructions)

Enter below the 2-digit county code numbers (found on the back of Schedule CT-40) for the county where you lived and worked on Jan. 1, 2022.

County where you lived

County where you worked

County where spouse lived

County where spouse worked

Round all entries

1.

Enter your federal adjusted gross income from your federal

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

income tax return, Form 1040 or Form 1040-SR, line 11 _____________________ Federal AGI

 

1

2.

Enter amount from Schedule 1, line 7, and enclose Schedule 1 ________

 

2

Indiana Add-Backs

 

 

 

 

3.

Add line 1 and line 2 ____________________________________________________________

 

3

 

 

 

4.

Enter amount from Schedule 2, line 12, and enclose Schedule 2 _______ Indiana Deductions

 

4

 

 

 

5.

Subtract line 4 from line 3 ________________________________________________________

 

5

6.

Complete Schedule 3. Enter amount from Schedule 3, line 7,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

and enclose Schedule 3 ______________________________________ Indiana Exemptions

 

6

 

 

 

7.

Subtract line 6 from line 5 ____________________________ Indiana Adjusted Gross Income

 

7

8.

State adjusted gross income tax: multiply line 7 by 3.23% (.0323)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(if answer is less than zero, leave blank) ____________________

8

 

 

.00

 

9.

County tax. Enter county tax due from Schedule CT-40

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(if answer is less than zero, leave blank) ____________________

9

 

 

.00

 

 

 

 

 

 

 

 

 

 

.00

.00

.00

.00

.00

.00

.00

10.

Other taxes. Enter amount from Schedule 4, line 4 (enclose schedule)

 

 

 

 

 

 

 

10

 

.00

 

 

 

 

 

 

 

 

 

 

11.

Add lines 8, 9 and 10. Enter total here and on line 15 on the back ___________ Indiana Taxes

 

11

 

.00

*15122111694*

15122111694

12.

Enter credits from Schedule 5, line 12 (enclose schedule) ___

 

 

 

 

 

 

 

 

 

 

12

 

 

.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13.

Enter offset credits from Schedule 6, line 8 (enclose schedule)

13

 

 

.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

14.

Add lines 12 and 13 ______________________________________________ Indiana Credits

 

 

 

 

14

 

.00

15.

Enter amount from line 11___________________________________________ Indiana Taxes

 

 

 

 

15

 

.00

 

 

 

 

 

 

 

 

16.

If line 14 is equal to or more than line 15, subtract line 15 from line 14 (if smaller, skip to line 23)

16

 

.00

 

 

 

 

 

 

 

 

17.

Enter donations from Schedule IN-DONATE (enclose schedule); cannot be greater than line16

17

 

.00

18.

Subtract line 17 from line 16 __________________________________________Overpayment

 

 

 

 

18

 

.00

19.

Amount from line 18 to be applied to your 2023 estimated tax account (see instructions).

 

 

 

 

 

Enter your county code

 

county tax to be applied _ $

 

 

 

 

 

 

 

 

 

 

 

a

 

 

.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Spouse’s county code

 

county tax to be applied _ $

b

 

 

.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Indiana adjusted gross income tax to be applied _________ $

c

 

 

.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total to be applied to your estimated tax account (a + b + c; cannot be more than line 18)_____

19d

 

.00

20.

Penalty for underpayment of estimated tax from Schedule IT-2210 or IT-2210A ____________

 

 

 

 

20

 

.00

 

Refund: Line 18 minus lines 19d and 20. Note: If less than zero, see line 23

 

 

 

 

 

21.

___ Your Refund

21

 

.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

22.Direct Deposit (see instructions)

 

a. Routing Number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

b. Account Number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

c. Type:

 

Checking

 

 

Savings

 

 

Hoosier Works MC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

d. Place an “X” in the box if refund will go to an account outside the United States

 

 

 

 

 

 

23.

If line 15 is more than line 14, subtract line 14 from line 15. Add any amount to this on line 20

 

 

 

 

 

 

 

 

 

(see instructions) _____________________________________________________________

23

 

.00

24.

Penalty if filed after due date (see instructions) ______________________________________

 

 

 

 

24

 

.00

25.

Interest if filed after due date (see instructions) ______________________________________

 

 

 

 

25

 

.00

 

Amount Due: Add lines 23, 24 and 25______________________________ Amount You Owe

 

 

 

 

26.

26

 

.00

 

Do not send cash. Make your check or money order payable to:

 

 

 

 

 

Indiana Department of Revenue. See instructions if paying with a credit card.

 

 

 

 

Sign and date this return after reading the Authorization statement on Schedule 7. Remember to enclose Schedule 7.

_____________________________________________________

_________________________________________________

Signature

Date

Spouse’s Signature

Date

Mail payments to: Indiana Department of Revenue, P.O. Box 7224, Indianapolis, IN 46207-7224.

Mail all other returns to: Indiana Department of Revenue, P.O. Box 40, Indianapolis, IN 46206-0040.

*15122121694*

15122121694