state taxes Guide

State Taxes Section


State Taxes Navigation


|

Taxes Guide Home Page
Partners
Tell A Friend about us
State Of Ct Taxes |
Arkansas State Taxes |
State Of Iowa Taxes |
North Carolina State Income Taxes |
File Indiana State Taxes |
What Are State Taxes |
Forms State Taxes |
Taxes On Out Of State Income In Oklahoma |
Alabama State Taxes |
Louisiana State Taxes |
State With Lowest Property Taxes |
State Of Georgia Income Taxes |
Factbook On State Beer Taxes |
Prepaying State Taxes |
State Of Illinois Taxes |

List of state-taxes Articles


State Taxes Best seller

Buy it Now!



Best State Taxes products

TurboTax - Choose Easy



Social bookmarking
You like it? Share it!
socialize it

Newsletter

Subscribe to our newsletter AND receive our exclusive Special Report on state-taxes
Email:
First Name:




Click here for Tax Liens Made Easy

Main State Taxes sponsors

 



 

Welcome to state taxes Guide

State Taxes Article

. For a permanent link to this article, or to bookmark it for further reading, click here.

´╗┐What You Must Know About Indiana State Taxes

from: www.TaxesExposed.com


Indiana State taxes rate is a flat 3.4 percent of a taxpayer's federal adjusted gross income. Counties could also assess separate income taxes. More information about Indiana State taxes can be found below:
1) Personal Income Tax
The state of Indiana collects and levies from its residents a flat tax of 3.4 percent of federal adjusted gross income with modification. Indiana tax returns are due on April 15, or the next business day if ever that date falls on a weekend or holiday. As of the 2007 filing season, the deadline for federal returns was changed to Tuesday, April 17. Hoosier State taxpayers also have an extra filing day to complete their 2006 state returns. Most counties in Indiana also collect income taxes.

2) Sales Tax
Effective December 1, 2002, the state sales tax rate in Indiana has become 6 percent.

3) Personal and Real Property Taxes
Property taxes are imposed on both real and personal properties in Indiana and are administered by the Department of Local Government Finance. Tax rates are usually expressed in dollars per $100 of assessed value. Properties are subject to taxation by a variety of taxing units (schools, counties, townships, cities and towns, libraries, etc.), making the total tax rate the sum of the tax rates imposed by all taxing units in which properties are located.
In 2006, Indiana enacted the 2 Percent Circuit Breaker law, which will ensure that homeowners would not pay more than 2 percent of their property value in taxes once this law is fully in place. The Circuit Breaker is slated to become mandatory statewide for residential properties in 2007. The Circuit Breaker expands to include all property types in 2009.
4) Inheritance and estate taxes
An inheritance tax return, IH-6, must be filed by an estate's personal representative within a period of nine months of an Indiana resident's death. The return is not required if the amount left to an heir is less than the allowable exemption, which ranges from the entire estate to $100 for other beneficiaries, if ever the property was left to a spouse or to a charitable organization.
Other facts about Indiana State Taxes:
Qualified Indiana taxpayers can file returns of their Indiana State taxes at i-File, the Indiana Department of Revenue's free Web-based tax filing service. In Indiana, aircrafts are subject to aircraft excise taxes and registration fees that is in lieu of the ad valorem property tax levied for state or local purposes. For more information regarding Indiana State taxes, please visit the Indiana Department of Revenue website.

Christine Gray is a recognized authority on the subject of Online Taxes. Her website Taxes Exposed provides a wealth of information on everything you will need to know about State Taxes. All rights reserved. Articles may be reprinted as long as the content and links remains intact and unchanged.



Other State Taxes related Articles

Minnesota State Taxes
Arizona State Taxes
Virginia State Taxes
PA State Taxes
Alabama State Taxes

Do you want to contribute to our site : submit your articles HERE


 

State Taxes News

No relevant info was found on this topic.