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This document serves as the Indiana Individual Income Tax Return for 2004, providing instructions and forms for taxpayers to report their income, claim deductions and credits, and calculate their
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How to fill out 2004 it-40
How to fill out 2004 IT-40
01
Obtain Form IT-40 from the Indiana Department of Revenue website or local tax office.
02
Gather all necessary personal information including Social Security number, filing status, and income details.
03
Report your total income on Line 1 and include any adjustments to income on lines 2-5.
04
Calculate your adjusted gross income (AGI) on Line 6.
05
Claim any deductions you qualify for on lines 7-11.
06
Subtract your deductions from your AGI to determine your taxable income on Line 12.
07
Use the tax tables to calculate your state tax on the amount from Line 12 and enter it on Line 13.
08
Account for any tax credits on lines 14-21.
09
Add any other taxes as required on lines 22-23.
10
Calculate the total tax on Line 24 and subtract any payments you have made throughout the year.
11
Determine if you owe money or are getting a refund on Line 25.
12
Complete any additional schedules or forms if necessary.
13
Sign and date the form and submit it by the filing deadline.
Who needs 2004 IT-40?
01
Residents of Indiana who have earned income in the state during the year 2004.
02
Individuals who need to report their income and calculate state taxes owed or refunds due.
03
Taxpayers who are required to file a state tax return based on their income level or other criteria.
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What is 2004 IT-40?
The 2004 IT-40 is the Indiana individual income tax return form for residents to report their income and calculate their tax liability for the tax year 2004.
Who is required to file 2004 IT-40?
Residents of Indiana with income above a certain threshold, as well as those who had tax withheld or made estimated tax payments, are required to file the 2004 IT-40.
How to fill out 2004 IT-40?
To fill out the 2004 IT-40, taxpayers need to provide personal information, report total income, claim deductions and exemptions, calculate their tax liability, and provide any tax credits before signing and submitting the form.
What is the purpose of 2004 IT-40?
The purpose of the 2004 IT-40 is to enable Indiana residents to accurately report their income and determine their tax obligations for the state.
What information must be reported on 2004 IT-40?
Taxpayers must report personal information, total income (including wages, interest, dividends), deductions, dependents, tax credits, and any taxes already paid or withheld.
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