October 2024 Tax Bulletin

Indiana Department of Revenue sent this bulletin at 10/02/2024 01:44 PM EDT

October 2024

2024 Annual Report

DOR’s mission is to administer tax laws fairly, securely and effectively. And the key initiatives and accomplishments driving the agency through this mission are presented in the 2024 Fiscal Year Annual Report. Highlights include:

Evolved content accessibility, self-service, and navigation of DOR’s Website.
Bolstering industry-leading cybersecurity, data protection, identification safeguarding and fraud prevention.
Invested in team, leadership, and service operations through training and process improvement.
One of three states to earn an “A” rating from State Taxation 2023 Scorecard
Identified as one of the five best revenue agencies in the U.S. by Law360 Tax Authority author David Brunori
Recognized locally and nationally as a Top Workplace.

Find more DOR Annual Reports from 2007 to 2023.

State filing extension due Nov. 15

The due date for the extension of time to file for Indiana's Individual Income taxes is coming up, Nov. 15. If a taxpayer was granted a federal extension of time to file (due Oct. 16), they were automatically granted an extension of time to file with Indiana. It's important to file on time to avoid late filing penalties.

State and County Income tax rate changes

Departmental Notice #1 has been updated to reflect local income tax rate changes in four counties. These rate changes are for tax withholding effective Oct. 1, 2024. The changed rates are as follows:

Decatur .0245, decreasing from .025
Fayette .0282, increasing from .0257
Fulton .0288, increasing from .0268
Henry .0202, increasing from .018

Our Tax Library has other information Bulletins and Departmental Notices available.

DOR Provides Tax Education through Tax Schools

Each year, DOR’s Business Outreach program provides tax practitioners with information on changes to Indiana tax laws, forms, agency processes and other issues. These presentations are part of Indiana University’s Tax Practitioner Institute and Purdue University’s Income Tax School, which offer two-day training workshops covering a variety of federal and state tax topics.

The 2024 Tax School season will include a mix of virtual and in-person workshops held across the state, providing opportunities to attendees to learn how to better serve Hoosiers in preparing returns for tax year 2024 and earn continuing education credits at the same time. For more and to register, refer to DOR’s Tax School information. We hope to see you there!