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  2. Taxation in Indiana - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_Indiana

    In 2014, the Indiana state legislature passed a law that cut the corporate income tax from 8.50% in 2014 to 6.25% in 2016, with further decreases to be phased in until the rate falls to 4.9% in 2022. [5] Indiana is the only state that imposes corporate income taxes based on fiscal year instead of calendar year.

  3. Hoosiers filing state income taxes find it as easy as ... - AOL

    www.aol.com/hoosiers-filing-state-income-taxes...

    Income tax rate for the state of Indiana is 3.15% — Second-lowest (behind Ohio) in the IMOK (i.e., Illinois, Michigan, Ohio, Kentucky) border states quartet. All Indiana counties have a local ...

  4. State income tax - Wikipedia

    en.wikipedia.org/wiki/State_income_tax

    Eight states impose no state income tax, and a ninth, New Hampshire, imposes an individual income tax on dividends and interest income but not other forms of income (though it will be phased out by 2025). Forty-seven states and many localities impose a tax on the income of corporations.

  5. Limited liability company - Wikipedia

    en.wikipedia.org/wiki/Limited_liability_company

    For U.S. federal income tax purposes, an LLC is treated by default as a pass-through entity. [24] If there is only one member in the company, the LLC is treated as a "disregarded entity" for tax purposes (unless another tax status is elected), and an individual owner would report the LLC's income or loss on Schedule C of his or her individual ...

  6. When are taxes due in 2024? And how soon should you ... - AOL

    www.aol.com/taxes-due-2024-soon-file-134119471.html

    The filing deadline for most 2023 federal and state of Indiana income tax returns is April 15, 2024.

  7. Taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_United_States

    Tax rates vary by state and locality, and may be fixed or graduated. Most rates are the same for all types of income. State and local income taxes are imposed in addition to federal income tax. State income tax is allowed as a deduction in computing federal income, but is capped at $10,000 per household since the passage of the 2017 tax law ...

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