Form IT-40 Indiana Department of Revenue State Form 154 (R23 / 9-24) Indiana Full-Year Resident Individual Income Tax Return Due April 15, 2025 If filing for a fiscal year, enter the dates (see instructions).
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How to fill out the IT-40 online
Filling out the IT-40 form is an essential step for Indiana residents to report their individual income tax. This guide will provide you with clear, step-by-step instructions on how to complete the form efficiently and accurately online.
Follow the steps to complete your IT-40 online
- Press the ‘Get Form’ button to access the IT-40 form. This will open the document in an online editor.
- Begin by entering your personal information in the designated fields. This includes your Social Security number, first name, last name, and suffix. If filing jointly, also provide your spouse's details.
- Fill out your present address, including the street, city, state, and ZIP code. If applicable, provide the foreign country code.
- Indicate the county codes where you lived and worked on January 1, 2024. This should be done for both you and your spouse if applicable.
- Enter your federal adjusted gross income from your federal tax return (Form 1040) in line 1. Make sure to round it to the nearest dollar.
- Continue with line 2 by entering the amount from Schedule 1, line 7, and attach Schedule 1 to your submission.
- Add lines 1 and 2 together and fill in the result on line 3.
- Complete Schedule 2 to determine your Indiana deductions, entering that amount on line 4.
- Subtract the amount on line 4 from line 3 and write the result on line 5.
- Follow up with line 6 by completing Schedule 3 and entering the Indiana exemptions amount.
- Complete the tax calculations by multiplying the adjusted gross income from line 7 by 3.05% and entering that amount on line 8.
- Fill in the county tax due from Schedule CT-40 in line 9.
- Add any other taxes from Schedule 4, line 4, to line 10.
- Sum lines 8, 9, and 10 and enter the total on line 11.
- Claim credits from Schedule 5, line 13, and write that amount on line 12.
- Enter any offset credits from Schedule 6, line 8 on line 13.
- Sum lines 12 and 13 to find the total credits on line 14.
- Compare lines 14 and 15. If line 14 is greater, subtract line 15 from line 14 and record on line 16.
- If applicable, enter any donations you are claiming from Schedule IN-DONATE on line 17.
- Subtract line 17 from line 16 to determine if you have an overpayment, entering that amount on line 18.
- Determine the amount due by completing lines 23, 24, and 25 for any penalties or interest.
- Finally, review your entries and save the completed form. You can then download, print or share it as needed.
Complete your IT-40 form online today for a hassle-free filing experience.
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