Welcome to state taxes Guide
State Of Ohio Taxes Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
You may also listen to this article by using the following controls.
What You Need to Know About Indiana State Taxes
from:Indiana State taxes rate is a flat 3.4 percent of a taxpayer's federal adjusted gross income. Counties could also assess separate income taxes. More information about Indiana State taxes can be found below:
1) Personal Income Tax
The state of Indiana collects and levies from its residents a flat tax of 3.4 percent of federal adjusted gross income with modification. Indiana tax returns are due on April 15, or the next business day if ever that date falls on a weekend or holiday. As of the 2007 filing season, the deadline for federal returns was changed to Tuesday, April 17. Hoosier State taxpayers also have an extra filing day to complete their 2006 state returns. Most counties in Indiana also collect income taxes.
2) Sales Tax
Effective December 1, 2002, the state sales tax rate in Indiana has become 6 percent.
3) Personal and Real Property Taxes
Property taxes are imposed on both real and personal properties in Indiana and are administered by the Department of Local Government Finance. Tax rates are usually expressed in dollars per $100 of assessed value. Properties are subject to taxation by a variety of taxing units (schools, counties, townships, cities and towns, libraries, etc.), making the total tax rate the sum of the tax rates imposed by all taxing units in which properties are located.
In 2006, Indiana enacted the 2 Percent Circuit Breaker law, which will ensure that homeowners would not pay more than 2 percent of their property value in taxes once this law is fully in place. The Circuit Breaker is slated to become mandatory statewide for residential properties in 2007. The Circuit Breaker expands to include all property types in 2009.
4) Inheritance and estate taxes
An inheritance tax return, IH-6, must be filed by an estate's personal representative within a period of nine months of an Indiana resident's death. The return is not required if the amount left to an heir is less than the allowable exemption, which ranges from the entire estate to $100 for other beneficiaries, if ever the property was left to a spouse or to a charitable organization.
Other facts about Indiana State Taxes:
Qualified Indiana taxpayers can file returns of their Indiana State taxes at i-File, the Indiana Department of Revenue's free Web-based tax filing service. In Indiana, aircrafts are subject to aircraft excise taxes and registration fees that is in lieu of the ad valorem property tax levied for state or local purposes. For more information regarding Indiana State taxes, please visit the Indiana Department of Revenue website.
State Of Ohio Taxes News
Ohio lawmakers approve new gambling regs
A hard-fought legislative compromise to give extra money to certain cities with horse racetracks sent Ohio's new gambling regulations through the Legislature and to the governor's desk on Thursday.
Read more...Ohio Amnesty Ends June 15, 2012
CLEVELAND, Ohio, May 25, 2012 /PRNewswire/ -- June 15, 2012 is the last day taxpayers can take advantage of Ohio's Tax Amnesty Program ("Program"). The Program allows taxpayers to obtain penalty ...
Read more...Ohio panel on gambling bill compromise postponed
Compromise continues to elude state lawmakers on a wide-ranging regulatory bill affecting Ohio casinos, racetrack slots and other forms of gambling.
Read more...Ohio widow of suicidal animal owner pays taxes
An Ohio widow facing foreclosure has paid back taxes on the rural property where she and her husband once housed dozens of exotic animals before police were forced to shoot and kill most of them last year.
Read more...State says Ohio tourism economy grew by $2B in '11
State officials say Ohio's tourism industry sales grew by $2 billion last year, reaching a total of $40 billion.Tourism Director Amir Eylon says that's a sign that tourism in Ohio has returned to the level ...
Read more...