Indiana Tax FAQs

• taxmOuth Indiana Tax FAQs

Indiana Tax Forms

• taxmOuth Indiana Tax Forms

Indiana Corporate Taxes

• taxmOuth Indiana Corporate Taxes
• Indiana Tax Rates & Brackets:
  
  8.5%> $0
  
• Loss Carry-back/fwd: 2 Years Back / 20 Years Forward (Unlimited)
• Throwback Sales?: Y
• Foreign Tax Deductible?: N
• Alternative Minimum Tax (AMT): N
• Gross Receipts Tax: N
• Capital Stock (Net Worth) Tax?: N

Indiana Tax Incentives and Credits

• taxmOuth Indiana Tax Credits
• Job Credits?: Y
• R&D Credits?: Y
• Investment Credits?: Y

Indiana Individual Income Taxes

• taxmOuth Indiana Individual Income Taxes
• Indiana tax rates and brackets:
  
  3.4% of Federal AGI (with adjustments)
  
• Local Option IT Rate: 1.16%
• Federal Inc used as Base?: Y
• Standard Deductions: Single N/A / Joint N/A
• Personal Exemptions/Credits (c): Single $1,000 / Joint $2,000 / Dependent $1,500 (child) $1,000 (other)
• Federal Tax Deductible?: N
• State Tax Deductible?: Y
• Alternative Minimum Tax (AMT)?: N

Indiana Estate, Gift and Inheritance Taxes

• taxmOuth Indiana Estate and Gift Taxes
• Gift Tax?: N
• Estate Tax?: Copies Federal
• Inheritance Tax?: Y
• Generation-Skipping Tax?: N

Indiana Miscellaneous Taxes

• taxmOuth Indiana Miscellaneous Taxes
• Gas Tax: 19.0 cents/gallon
• Diesel Tax: 28.0 cents/gallon
• Cigarette Tax: 99.5 cents/20 pack

Indiana Pass-through Tax Treatment

• taxmOuth Indiana Pass-through Entity Tax
• LLC Pass-through Recognized?: Y
• S-Corp Pass-through Recognized?: Y

Indiana Payroll Taxes

• taxmOuth Indiana Payroll Taxes
• Unemployment Insurance Tax Index (TaxFoundation.org): #11

Indiana Property Taxes

• taxmOuth Indiana Property Taxes
• Median Tax Paid on Homes (Rank): $1,205 (#37)
• Median Value of Homes: $125,200
• Tax as % of Home Value (Rank): 0.96% (#21)
• Median Income of Homeowner: $58,763
• Tax as % of Income (Rank): 2.05% (#33)

Indiana Sales and Use Taxes

• taxmOuth Indiana Sales and Use Taxes
• State Rate: 7.00%
• County & City (Weighted Ave): None
• Combined State and Ave. Local Rates (Rank): 7.00% (#19)
• General Treatment of Services: Exempt
• Gasoline: Taxable
• Groceries: Exempt