Indiana Deductions
Extracted from PDF file 2023-indiana-schedule-2.pdf, last modified April 2020Deductions
Schedule 2 Form IT-40, State Form 53996 Schedule 2: Deductions (R14 / 9-23) Enclosure Sequence No. 02 2023 Name(s) shown on Form IT-40 Your Social Security Number 1. Renter’s deduction Address where rented if different from the one on the front page (enter below) Landlord’s name and address (enter below) Amount of rent paid $ .00 Enter the lesser of $3,000 ($1,500 if married filing Number of months rented separately) or amount of rent paid___________________ Round all entries 1 .00 2. Homeowner’s residential property tax deduction Address where property tax was paid if different from front page (enter below) Number of months lived there Amount of property tax paid $ . 00 Enter the lesser of $2,500 ($1,250 if married filing separately) or amount of property tax paid_____ 2 .00 3. State tax refund reported on federal return____________________________________________ 3 .00 4. Interest on U.S. government obligations______________________________________________ 4 .00 5. Taxable Social Security benefits_____________________________________________________ 5 .00 6. Taxable railroad retirement benefits__________________________________________________ 6 .00 7. Active military service deduction: $5,000 maximum for qualifying person_____________________ 7 .00 8. Private school/homeschool deduction: $1,000 per qualifying child (see instructions)____________ 8 .00 9. Indiana net operating loss deduction_________________________________________________ 9 .00 10. Nontaxable portion of unemployment compensation (from line 7 of Unemployment Comp. Worksheet) 10 .00 11. Other Deductions: See instructions (attach additional sheets if necessary) a. Enter deduction name code no. 11a .00 b. Enter deduction name code no. 11b .00 c. Enter deduction name code no. 11c .00 Total Deductions 12 .00 12. Add lines 1 through 11. Enter total here and on line 4 of Form IT-40. *22923111694* 22923111694
Schedule 2
More about the Indiana Schedule 2 Individual Income Tax TY 2023
File Schedule 2 with your IT-40 tax return to itemize your income tax deductions.
We last updated the Deductions in January 2024, so this is the latest version of Schedule 2, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule 2 directly from TaxFormFinder. You can print other Indiana tax forms here.
eFile your Indiana tax return now
eFiling is easier, faster, and safer than filling out paper tax forms. File your Indiana and Federal tax returns online with TurboTax in minutes. FREE for simple returns, with discounts available for TaxFormFinder users!
File Now with TurboTaxOther Indiana Individual Income Tax Forms:
TaxFormFinder has an additional 69 Indiana income tax forms that you may need, plus all federal income tax forms.
Form Code | Form Name |
---|---|
Form ES-40 | Estimated Tax Payment Voucher |
IT-40 Form | IT-40 Income Tax Form |
Form SC-40 | Unified Tax Credit for the Elderly |
IT-40 Booklet | IT-40 Income Tax Instruction Booklet |
Schedule 2 | Deductions |
View all 70 Indiana Income Tax Forms
Form Sources:
Indiana usually releases forms for the current tax year between January and April. We last updated Indiana Schedule 2 from the Department of Revenue in January 2024.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Indiana Schedule 2
We have a total of thirteen past-year versions of Schedule 2 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
Schedule 2 (09-12).indd
Schedule 2 (09-12).indd
Schedule 2 (09-12).indd
Schedule 2 (09-11).indd
TaxFormFinder Disclaimer:
While we do our best to keep our list of Indiana Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.