Tuesday, March 28, 2023
  • Login
  • Tax Rates 2023
    • Pension Plans Limits 2023
    • Estate & Trust
    • 2022 Tax Brackets
      • USA State and Local Taxes
      • EIC Table 2023, 2022
    • Tax Bracket 2021
    • Tax Brackets 2020
    • Tax Bracket 2019
      • Long Term Capital Gains Rate- 2019,2018,2017
      • 2019 & 2018 Standard Deduction
      • Kiddie Tax Brackets
    • Depreciation MACRS Table
  • Tax Information
    • Latest Phone number of IRS
    • Local Taxpayer Advocate Service Office
    • Search CAA & AA
  • Tax Calculator 2022 & 2023
    • Fastest Sales Tax Reverse Calculator
    •  EITC Calculator 2022 & 2023
    • SEP-IRA Calculator
    • Penalty Calculator
    • IRA Contribution Limit Calculator
    • Mileage Reimbursement Calculator
    • Net Investment Calculator
    • Alternative Minimum Tax Calculator for 2017 & 2018
    • Estimated Tax Penalty
    • Section 179 Deduction
    • tax residency
      • Physical Presence Test Calculator
      • US Tax Residency Calculator
      • First Year Choice Calculator
    • Capital Gains Calculator
    • Home Office Deduction Calculator
  • Write to me
  • Q&A
  • State and Local Taxes
    • California Tax Calculator With Tax Rate
    • DC Tax Rates 2022 & Past Years
    • Massachusetts tax calculator
    • Illinois tax calculator with tax rates
    • Indiana Tax Rate Chart
    • NY State Tax Rate 2022
  • Privacy Policy
  • Guest Posting
No Result
View All Result
Internal Revenue Code Simplified
No Result
View All Result
Internal Revenue Code Simplified
No Result
View All Result
Home State tax

Indiana Income Tax Calculator 2022

by Prashant Thakur
October 27, 2022
in State tax, tax calculator
0
Indiana income tax calculator

Indiana income tax calculator computes not only the Indiana state income tax but also the personal income tax payable to counties of Indiana. Apart from the state and county tax, the calculator computes federal tax, social security tax, medicare tax and additional medicare tax.

Table of Contents

  • Indiana Income Tax Calculator
  • Formula Used for Indian Income Tax Calculator
  • What is Indiana income tax rate?
  • What are Indiana county income tax rates?
  • Is Indiana state tax and county tax deductible?

Indiana Income Tax Calculator

Formula Used for Indian Income Tax Calculator

This tax calculator is primarily focussed on take home pay for residents of Indian state. We have also calculated Federal tax liability and gave scope for deductions like contribution to 401K plans or deposit in IRA . Apart from that following statutory deductions (self employment Tax )made from paycheck is also incorporated.

  • Social security tax 6.2 %(income below a threshold)
  • Medicare tax 1.45% (income below a threshold)
  • Additional Meducare tax 0.9% (income exceeding a threshold)

What is Indiana income tax rate?

Indiana has a flat rate of income tax @ 3.23% of the gross earnings of an Individual. This flat rate system of Indiana is unlike some other states or Federal income tax law, which tax individual income at slab rates.

What are Indiana county income tax rates?

The Indiana counties levy personal income tax separately. You can get Indiana county tax rates from the Indiana government website.

Is Indiana state tax and county tax deductible?

Under the 26 US Code , any SALT tax i.e tax paid to States And Local Tax authorities (county) are tax deductible while computing the taxable income for federal tax purpose. But , there are two limitations for claiming the SALT tax as deduction from gross income under IRC- one , it can only be calimed as itemized deduction and second limitation is the maximum SALT tax deduction is upto $10,000.

Post Disclaimer

While the information on this site  - Internal Revenue Code Simplified-is about legal issues, it is not legal advice or legal representation. Because of the rapidly changing nature of the law and our reliance upon outside sources, we make no warranty or guarantee of the accuracy or reliability of information contained herein.

Previous Post

Self-Employment Tax Calculator for 2022 & 2023

Next Post

Fast US Federal Tax Calculator 2022 & 2023

Categories

Search

No Result
View All Result

Recent Articles

  • Beware of ERC Scamsters : IRS Warns Against Improper Claims !
  • Got NFTs? IRS Wants to Know: Are They Collectibles or Not
  • How are Airdrops Taxed? Complete Guide With Calculator.
  • Form 3520 IRS Filing: A Must-Do for Tax-Free Gifts, Bequests, and Inheritances to Avoid Penalties!
  • Tax Debt and Financial Settlement Services: A Comprehensive Guide 2023
No Result
View All Result
  • Tax Rates 2023
    • Pension Plans Limits 2023
    • Estate & Trust
    • 2022 Tax Brackets
      • USA State and Local Taxes
      • EIC Table 2023, 2022
    • Tax Bracket 2021
    • Tax Brackets 2020
    • Tax Bracket 2019
      • Long Term Capital Gains Rate- 2019,2018,2017
      • 2019 & 2018 Standard Deduction
      • Kiddie Tax Brackets
    • Depreciation MACRS Table
  • Tax Information
    • Latest Phone number of IRS
    • Local Taxpayer Advocate Service Office
    • Search CAA & AA
  • Tax Calculator 2022 & 2023
    • Fastest Sales Tax Reverse Calculator
    •  EITC Calculator 2022 & 2023
    • SEP-IRA Calculator
    • Penalty Calculator
    • IRA Contribution Limit Calculator
    • Mileage Reimbursement Calculator
    • Net Investment Calculator
    • Alternative Minimum Tax Calculator for 2017 & 2018
    • Estimated Tax Penalty
    • Section 179 Deduction
    • tax residency
      • Physical Presence Test Calculator
      • US Tax Residency Calculator
      • First Year Choice Calculator
    • Capital Gains Calculator
    • Home Office Deduction Calculator
  • Write to me
  • Q&A
  • State and Local Taxes
    • California Tax Calculator With Tax Rate
    • DC Tax Rates 2022 & Past Years
    • Massachusetts tax calculator
    • Illinois tax calculator with tax rates
    • Indiana Tax Rate Chart
    • NY State Tax Rate 2022
  • Privacy Policy
  • Guest Posting

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In