Get It-40

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

1. Press the ‘Get Form’ button to access the IT-40 form. This will open the document in an online editor.
2. 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.
3. Fill out your present address, including the street, city, state, and ZIP code. If applicable, provide the foreign country code.
4. 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.
5. 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.
6. Continue with line 2 by entering the amount from Schedule 1, line 7, and attach Schedule 1 to your submission.
7. Add lines 1 and 2 together and fill in the result on line 3.
8. Complete Schedule 2 to determine your Indiana deductions, entering that amount on line 4.
9. Subtract the amount on line 4 from line 3 and write the result on line 5.
10. Follow up with line 6 by completing Schedule 3 and entering the Indiana exemptions amount.
11. Complete the tax calculations by multiplying the adjusted gross income from line 7 by 3.05% and entering that amount on line 8.
12. Fill in the county tax due from Schedule CT-40 in line 9.
13. Add any other taxes from Schedule 4, line 4, to line 10.
14. Sum lines 8, 9, and 10 and enter the total on line 11.
15. Claim credits from Schedule 5, line 13, and write that amount on line 12.
16. Enter any offset credits from Schedule 6, line 8 on line 13.
17. Sum lines 12 and 13 to find the total credits on line 14.
18. Compare lines 14 and 15. If line 14 is greater, subtract line 15 from line 14 and record on line 16.
19. If applicable, enter any donations you are claiming from Schedule IN-DONATE on line 17.
20. Subtract line 17 from line 16 to determine if you have an overpayment, entering that amount on line 18.
21. Determine the amount due by completing lines 23, 24, and 25 for any penalties or interest.
22. 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.