![]() However, the rate determined under this subsection shall be rounded to the nearest one-hundredth of one percent (0.01%).įormerly: Acts 1963(ss), c.32, s.201 Acts 1973, P.L.50, SEC.1. STEP THREE: Divide the sum of the amounts determined under STEPS ONE and TWO by the number of days in the taxpayer's tax period. STEP TWO: Multiply the number of days in the taxpayer's taxable year that follow the day before the rate changed by the rate in effect after the rate change. STEP ONE: Multiply the number of days in the taxpayer's taxable year that precede the day the rate changed by the rate in effect before the rate change. (c) If for any taxable year a taxpayer is subject to different tax rates under subsection (b), the taxpayer's tax rate for that taxable year is the rate determined in the last STEP of the following STEPS: (10) After June 30, 2020, and before July 1, 2021, five and twenty-five hundredths percent (5.25%). (9) After June 30, 2019, and before July 1, 2020, five and five-tenths percent (5.5%). (8) After June 30, 2018, and before July 1, 2019, five and seventy-five hundredths percent (5.75%). Based on your annual taxable income and filing status, your tax bracket determines your federal tax rate. ![]() Use our Tax Bracket Calculator to understand what tax bracket you're in for your 2022-2023 federal income taxes. (7) After June 30, 2017, and before July 1, 2018, six percent (6.0%). All features, services, support, prices, offers, terms and conditions are subject to change without notice. (6) After June 30, 2016, and before July 1, 2017, six and twenty-five hundredths percent (6.25%). (5) After June 30, 2015, and before July 1, 2016, six and five-tenths percent (6.5%). ![]() (3) After June 30, 2013, and before July 1, 2014, seven and five-tenths percent (7.5%). (1) Before July 1, 2012, eight and five-tenths percent (8.5%). (b) Except as provided in section 1.5 of this chapter (before its expiration), each taxable year, a tax at the following rate of adjusted gross income is imposed on that part of the adjusted gross income derived from sources within Indiana of every corporation: (3) For taxable years beginning after December 31, 2016, three and twenty-three hundredths percent (3.23%). Departmental Notice 1 contains the most recent county income tax rate chart for withholding. County income tax rates may be adjusted in January and October. (2) For taxable years beginning after December 31, 2014, and before January 1, 2017, three and three-tenths percent (3.3%). DOR Business Tax Tax Rates Fees & Penalties Income Tax Rates The Indiana individual adjusted gross income tax rate is 3.23. (1) For taxable years beginning before January 1, 2015, three and four-tenths percent (3.4%). (a) Each taxable year, a tax at the following rate of adjusted gross income is imposed upon the adjusted gross income of every resident person, and on that part of the adjusted gross income derived from sources within Indiana of every nonresident person:
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