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Blank Indiana It 40 PDF Template

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 requires taxpayers to report their income, deductions, and any applicable credits to determine their state tax liability. Filing the IT-40 is essential for compliance with state tax regulations and must be submitted by April 15 each year.

Open Indiana It 40 Here

Outline

The Indiana IT-40 form is a crucial document for residents filing their state income tax returns. This form is designed for full-year residents and must be submitted by April 15 each year. It requires personal information, including Social Security numbers and addresses, as well as details regarding income and deductions. Taxpayers must report their federal adjusted gross income, which is the starting point for calculating Indiana income tax. The form also includes sections for Indiana add-backs, deductions, and exemptions, allowing taxpayers to adjust their income accordingly. Additionally, it calculates state and county taxes owed, as well as any potential credits that may apply. If a refund is due, taxpayers can choose direct deposit options for convenience. Conversely, if taxes are owed, the form provides clear instructions on how to make payments. Understanding the IT-40 form is essential for ensuring compliance with Indiana tax laws and maximizing potential refunds.

Form 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

Click for PDF

Form Specifics

Fact Name	Details
Form Purpose	The IT-40 form is used for filing individual income tax returns for full-year residents of Indiana.
Filing Deadline	Returns must be filed by April 15 of the year following the tax year.
Governing Law	This form is governed by Indiana Code Title 6, Article 3, which outlines state income tax regulations.
Federal AGI Requirement	Taxpayers must enter their federal adjusted gross income from their federal return, Form 1040 or 1040-SR.
County Codes	Taxpayers need to provide county codes for where they lived and worked as of January 1, 2020.
Joint Filing	Married couples can file jointly, but they must provide both spouses' information and Social Security numbers.
Tax Calculation	Indiana adjusted gross income tax is calculated at a rate of 3.23% on the adjusted gross income.
Credits and Deductions	Taxpayers can claim various credits and deductions, which must be documented with additional schedules.
Refund Process	If there is an overpayment, taxpayers can apply for a refund or apply it to their estimated tax for the next year.
Payment Instructions	Payments should be made payable to the Indiana Department of Revenue, and cash should not be sent.

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