Form It-40 Draft - Indiana Full-Year Resident Individual Income Tax Return - 2008

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Draft 09-15-2008
Indiana Full-Year Resident
Form
2008
IT-40
Due April 15, 2009
Individual Income Tax Return
State Form 154
If you are not fi ling for the calendar year January 1 through December 31, 2008, enter period from: _________to: _________
(R7 / 9-08)
A
B
Your Social
Spouse’s Social
Check the box if you
Security Number
Security Number
are married fi ling
C
separately.
UU
V V
Check if applying for ITIN
Check if applying for ITIN
Your fi rst name
D
Initial
E
Last name
F
G
H
I
If fi ling a joint return, spouse’s fi rst name
Initial
Last name
J
Present address (number and street or rural route) (If you have a P.O. Box, see instructions on page 5.)
School Corporation Number
(see pages 38 and 39)
N
K
L
M
O
City
State
Zip code + 4
Foreign Country
(if applicable)
Enter the 2-digit county code numbers (found on page 21 in the instruction booklet) for the county where you lived and worked on
Yourself
Spouse
January 1, 2008.
P
Q
R
S
County where you lived
County where you worked
County where spouse lived
County where spouse worked
1.
Enter your federal adjusted gross income from your federal return (see instructions on page 8) .....
1
2.
Tax add-back: certain taxes deducted from federal Schedule C, C-EZ, E, and/or F .........................
2
3.
Net operating loss carryforward from federal Form 1040, ‘Other income’ line ..................................
3
4.
Income taxed on federal Form 4972 (lump sum distribution) (attach Form 4972: see page 8) ........
4
5.
Domestic production activities add-back (see page 8) .....................................................................
5
6.
Other (see instructions on page 8) ....................................................................................................
6
7.
Add lines 1 through 6 ................................................................................Total Indiana Income ►
7
8.
Indiana deductions: Enter amount from Schedule 1, line 12 and attach Schedule 1 .......................
8
9.
Line 7 minus line 8 ............................................................................. Indiana Adjusted Income ►
9
10.
Number of exemptions claimed on your federal return
x $1,000
00
(If no federal return was fi led, enter $1,000 per qualifying person: see instructions on page 9) .......... 10
11.
Additional exemption for certain dependent children (see instructions on page 9)
00
Enter number
x $1,500 ........................................................................................................
11
12.
Check box(es) below for additional exemptions if, by December 31, 2008:
You were:
65 or older or
blind. Spouse was:
65 or older or
blind
00
Total the number of boxes checked
x $1,000............................................................... 12
13.
Check box(es) below for additional exemptions if, by December 31, 2008:
You were:
65 or older and line 1 above is less than $40,000
Spouse was:
65 or older and line 1 above is less than $40,000
00
Total the number of boxes checked
x $500 ........................................................................ 13
00
14.
Add lines 10, 11, 12 and 13 ..............................................................................Total Exemptions ► 14
15.
Line 9 minus line 14
........................ State Taxable Income ► 15
(if answer is less than zero, leave blank)
16.
State adjusted gross income tax: multiply line 15 by 3.4% (.034) ....................................................
16
17.
County income tax. See instructions on page 23 ............................................................................. 17
18.
Use tax due on out-of-state purchases. See instructions on page 9 ................................................ 18
19.
Household employment taxes: attach Schedule IN-H (see instructions on page 10) ........................ 19
20.
Indiana advance earned income credit payments from W-2(s) (see instructions on page 10) .......... 20
21.
Recapture of Indiana’s CollegeChoice 529 credit. Attach Schedule IN-529R (see page 10) ............ 21
22.
Add lines 16 through 21. Enter here and on line 33 on the back .................................. Total Tax ► 22
23.
Indiana state tax withheld
...................................................... 23
(from box 17 of your W-2s or from 1099s)
24.
Indiana county tax withheld
24
(from box 19 of your W-2s or from 1099s) ..........................................................
25.
Estimated tax paid for 2008: include any extension payment made with Form IT-9 ........................ 25
26.
Unifi ed tax credit for the elderly: see instructions on page 11 ......................................................... 26
27.
Earned income credit: attach Schedule IN-EIC and enter amount from Section A, line A-2 ............ 27
28.
Lake County Residential income tax credit: see instructions on page 11 ......................................... 28
29.
Economic development for a growing economy credit: see instructions on page 12 ...................... 29
30.
Media production expenditure credit: see instructions on page 12 ................................................... 30
31.
Indiana credits: enter the total from Schedule 2, line 7 and attach Schedule 2 ................................ 31
32.
Add lines 23 through 31. Enter here and on line 34 on the back .............................Total Credits ► 32
VN
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