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Idaho State Income Taxes Article
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What You Must Know About Indiana State Taxes
from: www.TaxesExposed.comIndiana 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.
Idaho State Income Taxes News
GOP Idaho governor has a Dem-led agency - Fri, 25 May 2012 PST
For the past three months, one of Republican Idaho Gov. Butch Otter's departments has been headed by a Democrat and overseen by a majority-Democrat commission. It's the state Tax Commission, which is constitutionally required to have four commissioners, with not more than two of them from the same party. But since GOP commission Chairman Bob Geddes resigned in February, Democratic Commissioner ...
Read more...Idaho Supreme Court rejects Hart tax appeal - Thu, 26 Apr 2012 PST
A unanimous Idaho Supreme Court has rejected state Rep. Phil Hart's appeal of an order to pay more than $53,000 in back state income taxes, penalties and interest on grounds of legislative privilege.
Read more...Hart paid lawyer with campaign funds - Mon, 30 Apr 2012 PST
Idaho state Rep. Phil Hart paid $1,000 in campaign funds in 2011 to Coeur d'Alene attorney Starr Kelso, who's representing him in his ongoing fight against back state income taxes; Hart lost his tax appeal to the Idaho Supreme Court last week. But Hart said the payment was for helping him defend against a series of House ethics complaints.
Read more...