2016 Indiana Individual and Corporate Income Tax Forms Online

December 21, 2016

En Español

Soon after the holiday season, comes tax season! In preparation for this year’s tax season, the 2016 Indiana individual and corporate forms and instruction booklets are now available online.

Here are a couple of new things to look for as you prepare for the upcoming tax season:

Individual

  • Form IT-40EZ is no longer available for Indiana filing purposes. Full-year residents must file using Form IT-40.
  • School corporation codes are no longer requested.

Corporate

  • New Hospital Property Tax Credit (offset)

This credit is available to for-profit hospitals. It is 10% of the property taxes paid on certain property used as a hospital and is eligible for carryforward purposes.

  • Elimination of “throwback” rule

IC 6-3-2-2(e) is amended regarding apportioning receipts to Indiana when goods are shipped to a state where the taxpayer is not subject to income tax. The amendment also provides that the sale of computer software is treated as the sale of tangible personal property for apportionment purposes.

Individual and Corporate

  • The following deductions are no longer available:
    • IND                  Insulation Deduction
    • IND                  Law Enforcement Rewards Deduction
    • IND                  Medical Care Savings Account Deduction (Indiana)
    • IND                  Non-Indiana Locality Earnings Deduction

Note. The county tax calculation on Schedule CT-40 has changed as the non-Indiana locality earnings deduction is no longer required to be added back for county tax calculation purposes

    • IND/COR        Indiana Lottery Winnings Deduction (The Lottery Winnings Annuity Deduction for proceeds won before July 1, 2002, is still available.)
    • IND/COR        Solar-Powered Roof Vents or Fans Deduction

To prepare for the upcoming tax season, check out the forms on our website. Individual forms can be found at www.in.gov/dor/5506.htm, and corporate forms can be found at www.in.gov/dor/5507.htm.

If you have questions, you can speak to a bilingual representative by calling 317-232-2240 (press 2 for Spanish) from 8 a.m. to 4:30 p.m., Monday through Friday. You can also visit the department’s Spanish website at www.impuestos.in.gov or you can submit questions via e-mail to impuestos@dor.in.gov.