Form It-40 - Indiana Full-Year Resident Individual Income Tax Booklet - 2013 Page 26
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60Recovery of deductions 616
If you do not have to file a federal return, you will need to complete a
“sample” federal return to see how many federal exemptions you are
You are not eligible for this deduction if you did not complete the
allowed to claim.
“other income” line on your federal Form 1040.
Important. If no exemption is claimed on your federal return, you can
Generally, Indiana does not allow you to claim itemized deductions
still claim yourself (even if you are claimed on a parent’s or guardian’s
from federal Schedule A. However, if you reported recovered itemized
return).
deductions as “other income” on line 21 of your federal Form 1040,
enter that amount on this line.
Line 2 – Additional exemption for dependent child
A recovery is a return of an amount you deducted in an earlier year.
Important: The new Schedule IN-DEP must be filed when claiming
The most common recoveries are refunds (see Schedule 2, line 3),
this exemption. Keep reading to find instructions for this schedule.
reimbursements and rebates of deductions previously itemized on
federal Schedule A.
An additional $1,500 exemption is allowed for certain dependent
children. Carefully read the following Dependent child definition to see
Enter code 616 on Schedule 2 under line 11 if claiming this deduction.
if you are eligible for this additional exemption(s).
Solar powered roof vent or fan deduction
623
Dependent child definition: According to state statute, a dependent
child must be a son, stepson, daughter, stepdaughter and/or foster
An Indiana resident may be eligible for a deduction up to $1,000 if a
child (and/or your spouse’s child, if filing a joint return). He/she must
solar powered roof vent or fan was installed on a building owned or
be either under the age of 19 by Dec. 31, 2013, or be a full-time stu-
leased by the individual. A solar powered roof vent or fan is a roof vent
dent who is under the age of 24 by Dec. 31, 2013.
or fan that is powered by solar energy and used to release heat from a
building.
If any dependent(s) you are eligible to claim on your federal return
also meets the Dependent child definition above, enter that number in
The deduction must be claimed in the installation year, and is limited
the box on line 2.
to the smaller of:
•
One-half of the amount paid for labor and materials for the instal-
Example. John and Lisa claimed their 12-year-old daughter Olivia as
lation of a solar powered roof vent or fan, or
an exemption on their federal return. Since Olivia is under the age
•
$1000.
of 19, John and Lisa will claim one exemption on line 2 for a total of
$1,500.
Important. When claiming this deduction, maintain with your re-
cords the following information (as the department can require you to
Example. Jessie’s elderly father and her nine-year-old daughter lived
provide this information at a later date):
with her the entire year. She claimed both as dependents on her federal
•
The installation date(s),
return. Jessie will claim her daughter for the additional exemption on
•
Proof of your costs for the installation of a solar powered roof
line 2. She is not allowed to claim the additional exemption for her
vent or fan, and
father.
•
A list of the persons or corporation that supplied labor or materi-
als for the installation of the solar powered roof vent or fan.
Note. Not all dependent children are eligible for this additional
exemption. For instance, if you claimed a grandson or nephew as an
Enter code 623 on Schedule 2 under line 11 if claiming this deduction.
exemption on your federal return, you should also claim an exemption
for him on line 1. However, since he doesn’t qualify under the Depen-
dent child definition above, you will not be able to claim the additional
Schedule 3: Exemptions
exemption for him on line 2.
Important. Keep detailed information about the exemption(s) you are
Schedule IN-DEP. You must complete and enclose Indiana’s Schedule
claiming, such as full name(s), age(s), Social Security number(s), etc.
IN-DEP: Additional Dependent Child Information, listing every child
The department can require you to provide this information at a later
for whom you are claiming this exemption. Enter the first and last
date.
name and Social Security number (SSN) of each child claimed for
this exemption. If your child has an individual taxpayer identification
Line 1 – Exemptions
number (ITIN) or adopted taxpayer identification number (ATIN),
You are allowed $1,000 for each exemption claimed on your federal
enter that number in the Child’s Social Security Number column.
return. Enter in the box on line 1 the total number of exemptions
claimed on your federal return. Multiply $1,000 by that number, and
enter the answer here.
Example. John and Lisa have a 12-year-old daughter. On John and
Lisa’s joint federal return they claim themselves and their daughter as
exemptions. They’ll enter 3 in the box on line 1 for a total of $3,000.
Page 26
IT-40 Booklet 2013
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