Indiana Form It 40 PDF Details

Every year, residents of Indiana navigate the process of filing their state income tax returns using Form IT-40, a comprehensive document designed for full-year residents. This form, updated annually to reflect tax law changes and adjustments, serves as the primary vehicle for reporting income, calculating state tax liability, and claiming any available deductions and credits specific to Indiana. The form asks for detailed information, including the filer’s Social Security number, name, address, and the intricate financial data required to accurately compute Indiana's adjusted gross income (AGI). For married couples, it accommodates joint or separate filings, with provisions for reporting both spouses' income and deductions. Alongside the main form, filers often need to include supplementary schedules to account for add-backs, deductions, exemptions, county taxes, and credits that influence the calculation of the final tax or refund due. Significantly, the form also includes sections for applying overpayments to future tax liabilities or donating to state fund programs, showcasing Indiana’s approach to offering taxpayers options for their refunds. With a due date typically on April 15, following the close of the tax year, the Form IT-40 demands attention to detail and an understanding of state-specific tax mandates to ensure compliance and optimize financial outcomes.

QuestionAnswer
Form NameIndiana Form It 40
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesIndiana, 2012, underpayment, fillable it 40

Form Preview Example

Form

IT-40

State Form 154

(R19 / 9-20)

Your Social Security Number

Your first name

2020

Indiana Full-Year Resident

Due April 15, 2021

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 January 1, 2020.

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.

You must complete Schedule 3. Enter amount from Schedule 3, line 6,

 

 

 

 

 

 

 

 

 

 

 

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 sch.)

10

 

.00

 

 

 

 

 

 

 

 

 

 

11.

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

 

11

 

.00

*15120111694*

15120111694

12.

Enter credits from Schedule 5, line 10 (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 2021 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 to this any amount 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. Please make your check or money order payable to:

 

 

 

 

 

Indiana Department of Revenue. Credit card payers must see instructions.

 

 

 

 

Sign and date this return after reading the Authorization statement on Schedule 7. You must enclose Schedule 7.

 

_____________________________________________________

_________________________________________________

Your Signature

Date

Spouse’s Signature

Date

If enclosing payment mail 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.

*15120121694*

15120121694

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As for the blank fields of this specific document, this is what you should do:

1. First, once completing the 2011, start in the area that has the next blank fields:

Step # 1 of submitting ITIN

2. Once your current task is complete, take the next step – fill out all of these fields - Enter your federal adjusted gross, income tax return Form or Form SR, Enter amount from Schedule line, Round all entries, Add line and line, Enter amount from Schedule line, Subtract line from line, Complete Schedule Enter amount, and enclose Schedule Indiana, Subtract line from line, if answer is less than zero leave, County tax Enter county tax due, if answer is less than zero leave, Other taxes Enter amount from, and Add lines and Enter total here with their corresponding information. Make sure to double check that everything has been entered correctly before continuing!

The best way to fill in ITIN stage 2

A lot of people generally make mistakes while filling in Enter amount from Schedule line in this area. You should definitely reread what you type in here.

3. The next part is considered fairly straightforward, Enter credits from Schedule line, Enter offset credits from, Add lines and Indiana Credits, Enter amount from line Indiana, If line is equal to or more than, Enter donations from Schedule, Subtract line from line, Amount from line to be applied, Enter your county code, county tax to be applied, Spouses county code, county tax to be applied, and Indiana adjusted gross income tax - every one of these empty fields will need to be filled in here.

How you can complete ITIN stage 3

4. You're ready to complete this next section! In this case you've got these Total to be applied to your, Penalty for underpayment of, Refund Line minus lines d and, 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, If line is more than line, see instructions, Penalty if filed after due date, and Interest if filed after due date blank fields to fill out.

Step # 4 for filling out ITIN

5. The final step to conclude this document is crucial. Make sure that you fill in the required fields, particularly Sign and date this return after, Signature, Date, Spouses Signature, Date, and Mail payments to Indiana, before submitting. Neglecting to do so could generate an unfinished and potentially incorrect paper!

Writing part 5 of ITIN

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