⇝

Printable Indiana It 40 Form

The Indiana IT-40 form is the state’s individual income tax return for full-year residents. It is used to report income, calculate taxes owed, and claim any applicable credits or deductions. Completing this form is essential for fulfilling your tax obligations in Indiana.

To get started on your Indiana IT-40 form, please click the button below.

Open Document Now

Open Document Now

Overview

Indiana It 40 Sample

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

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
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
2.			Indiana Add-Backs		2

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,
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)
8.
	(if answer is less than zero, leave blank) ____________________	8		.00
9.	County tax. Enter county tax due from Schedule CT-40
9.	County tax. Enter county tax due from Schedule CT-40
	(if answer is less than zero, leave blank) ____________________	9		.00

.00

10.	Other taxes. Enter amount from Schedule 4, line 4 (enclose schedule)
10.		10	.00

11.	Add lines 8, 9 and 10. Enter total here and on line 15 on the back ___________ Indiana Taxes			11
11.				11

.00

*15122111694*

15122111694

12.	Enter credits from Schedule 5, line 12 (enclose schedule) ___
12.			12		.00

13.	Enter offset credits from Schedule 6, line 8 (enclose schedule)		13		.00

14.	Add lines 12 and 13 ______________________________________________ Indiana Credits
14.						14	.00
15.	Enter amount from line 11___________________________________________ Indiana Taxes
15.						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.						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 _ $
	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.						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
	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
23.
	(see instructions) _____________________________________________________________				23	.00
24.	Penalty if filed after due date (see instructions) ______________________________________
24.					24	.00
25.	Interest if filed after due date (see instructions) ______________________________________
25.					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

File Characteristics

Fact Name	Fact Description
Form Title	Indiana IT-40 is the Individual Income Tax Return for full-year residents.
Filing Deadline	The due date for filing the IT-40 form is April 15 of the year following the tax year.
Governing Law	This form is governed by Indiana Code Title 6, Article 3, which covers state income tax regulations.
Eligibility	Only full-year residents of Indiana are eligible to file this form.
Joint Filing	Married couples can file jointly using the IT-40 form, which requires both spouses' information.
Income Reporting	Taxpayers must report their federal adjusted gross income as part of the calculation.
Tax Calculation	The state income tax rate applied is 3.23% of the Indiana adjusted gross income.
Credits and Deductions	Taxpayers can claim various credits and deductions, which must be detailed on accompanying schedules.
Refund Process	Taxpayers can opt for direct deposit of their refund, requiring routing and account numbers.

Essential Points on This Form

What is the Indiana IT-40 form?

The Indiana IT-40 form is the state income tax return for full-year residents of Indiana. It is used to report your income, calculate your tax liability, and determine if you owe money or are entitled to a refund. This form is typically due by April 15 each year.

Who needs to file the IT-40 form?

Any individual who is a full-year resident of Indiana and meets the income threshold is required to file the IT-40 form. This includes those who have earned income, received unemployment benefits, or have other sources of income during the tax year.

What information do I need to complete the IT-40 form?

To complete the IT-40 form, you will need the following information:

Your Social Security Number
Your federal adjusted gross income from your federal tax return
Details about any Indiana add-backs or deductions
County codes for where you lived and worked
Any applicable credits and taxes from associated schedules

Can I file the IT-40 form electronically?

Yes, you can file the IT-40 form electronically through various tax preparation software programs or through the Indiana Department of Revenue's online filing system. E-filing can expedite the processing of your return and any refund you may be due.

What if I need to amend my IT-40 form?

If you need to make changes to your IT-40 form after it has been filed, you must complete a new IT-40 form and check the box indicating that you are amending your return. Be sure to include any necessary documentation that supports your changes.

What happens if I miss the filing deadline?

If you miss the April 15 deadline, you may incur penalties and interest on any taxes owed. It is important to file as soon as possible, even if you cannot pay the full amount. You may also request an extension, but this does not extend the time to pay any taxes due.

How do I check the status of my refund?

You can check the status of your Indiana tax refund online through the Indiana Department of Revenue's website. You will need to provide your Social Security Number and the amount of your refund to access the information.

What should I do if I owe taxes?

If you owe taxes, you can pay online, by mail, or by phone. The IT-40 form includes instructions for making payments. It is advisable to pay as much as you can to reduce penalties and interest on the unpaid balance.

Are there any credits available on the IT-40 form?

Yes, the IT-40 form allows for various credits that can reduce your tax liability. These may include credits for taxes paid to other states, certain donations, and specific Indiana tax credits. Be sure to review the instructions for details on eligibility and how to claim these credits.

Where do I send my completed IT-40 form?

Completed IT-40 forms should be mailed to the Indiana Department of Revenue. If you are enclosing payment, send it to the address specified for payments. For other returns, use the address designated for general submissions. Always check the latest instructions for any updates on mailing addresses.

Misconceptions

Misconception 1: The IT-40 form is only for individuals who have a high income.

This is not true. The IT-40 form is for all full-year residents of Indiana, regardless of their income level. Anyone who meets the residency requirements must file this form.

Misconception 2: You cannot amend your IT-40 form once it is submitted.

This is incorrect. If you realize that you made a mistake on your IT-40 form, you can amend it by filing an amended return. You simply need to check the appropriate box on the form to indicate that you are making changes.

Misconception 3: Filing jointly with a spouse means you cannot claim individual deductions.

This is not accurate. When you file a joint return, you can still claim certain deductions and credits that apply to both you and your spouse. Some deductions may even be higher when filing jointly.

Misconception 4: The IT-40 form must be filed in person.

This is misleading. You can file the IT-40 form electronically or by mail. Many people find that e-filing is faster and more convenient, but both options are available.

Find More Templates

Forgot to File Homestead Exemption Indiana - This form includes a space for the applicant's full residential address.

The Texas Real Estate Purchase Agreement form is a legal document that outlines the terms and conditions for buying and selling real estate property in Texas. This form serves as a crucial tool for both buyers and sellers, ensuring clarity and protection throughout the transaction process. Understanding the components of this agreement, including resources like Fast PDF Templates, can help parties navigate their real estate dealings more effectively.

Motion for Continuance Indiana - The form includes options to indicate the existence of related cases.