Supported Forms

The following Indiana forms are supported in Drake Tax 2024. Forms denoted with can be e-signed.

Form	Description	IND	CRP	SCRP	PTR	FID
	Post Filing Coupon	t	t	t	t
102	Farmer’s Tangible Personal Property Assessment Return	t	t	t	t	t
103-LONG	Business Tangible Personal Property Assessment Return	t	t	t	t	t
103-O	Information Return of Owned Personal Property	t	t	t	t	t
103-SHORT	Business Tangible Personal Property Return	t	t	t	t	t
104	Business Tangible Personal Property Return	t	t	t	t	t
E-6	Request for Indiana Corporate Estimated Quarterly Income Tax Returns		t	t
GA-110L	Claim for Refund	t	t	t	t
IN1099-MISC	Miscellaneous Income	t
IN-MSID	Motorsports Investment District Income - Team	t
IN-OPT	Electronic Filing Opt-Out Declaration	t
IT-20	Corporate Adjusted Gross Income Tax Return		t
IT-20S	S Corporation Income Tax Return			t
IT-40	Full-Year Resident Individual Income Tax Return	t
IT-40ES	Estimated Income Tax	t
IT-40PNR	Part-Year or Full-Year Nonresident Individual Income Tax Return	t
IT-40RNR	Reciprocal Nonresident Indiana Individual Income Tax Return	t
IT-41	Fiduciary Income Tax Return					t
IT-41ES	Fiduciary Payment Voucher Estimated Tax, Extension, or Composite Payment					t
IT-6	Corporate Estimate Voucher		t
IT-65	Partnership Return				t
IT-6WTH	Composite Withholding Tax Voucher			t	t
IT-8453OL	Declaration of Electronic Filing (Online)	t
IT-8879	Declaration of Electronic Filing	t
IT-8879C	Declaration of Electronic Filing		t	t	t	t
IT-9	Application for Extension of Time to File	t
IT-966	Notice of Corporate Dissolution Liquidation or Withdrawal		t	t
POA-1	Power of Attorney	t	t	t	t	t
SC-40	Unified Tax Credit for the Elderly	t
Schedule 1 (103-N)	Information Return of Not Owned Personal Property				t
Schedule 1 (IT-40)	Add-Backs	t
Schedule 1 (IT-41)	Other Income					t
Schedule 2 (IT-40)	Deductions	t
Schedule 3 (IT-40)	Exemptions	t
Schedule 4 (IT-40)	Other Taxes	t
Schedule 5/IN-DONATE (IT-40)	Credits/Donations	t
Schedule 6 (IT-40)	Offset Credits	t
Schedule 7 (IT-40)	Additional Required Information	t
Schedule 8-D	Schedule of Indiana Affiliated Group Members		t	t
Schedule A (IT-20S RECAP)	Explanation of Cost of Goods Sold			t
Schedule A (IT-40PNR)	Income or Loss/Adjustments to Income	t
Schedule A (IT-65 RECAP)	Explanation of Cost of Goods Sold				t
Schedule B (IT-20S RECAP)	Explanation of Other Income			t
Schedule B (IT-40PNR)	Add-Backs	t
Schedule B (IT-65 RECAP)	Explanation of Other Income				t
Schedule C (IT-20S RECAP)	Explanation of Taxes and Licenses			t
Schedule C (IT-40PNR)	Deductions	t
Schedule C (IT-65 RECAP)	Explanation of Taxes and Licenses				t
Schedule CC-40	College Credit	t	t	t		t
Schedule Composite	Entity’s Composite Indiana Adjusted Gross Income Tax Return			t	t	t
Schedule Composite-COR	Composite Indiana Adjusted Gross Income Tax Return for Corporate Entities				t	t
Schedule CT-40 (IT-40)	County Tax Schedule for Full-Year Indiana Residents	t
Schedule CT-40PNR (IT-40PNR)	County Tax Schedule for Part-Year and Full-Year Indiana Nonresidents	t
Schedule D (IT-20S RECAP)	Explanation of Other Deductions
Schedule D (IT-40PNR)	Exemptions	t
Schedule D (IT-65 RECAP)	Explanation of Other Deductions				t
Schedule E (IT-20/20S/20NP/IT-65)	Apportionment of Income for Indiana		t	t	t
Schedule E/IN-PRO (IT-40PNR)	Other Taxes	t
Schedule E-7	Apportionment for Interstate Transportation		t	t	t
Schedule EZ 1, 2, 3	Employment Expense Tax Credit/Enterprise Zone Credit		t	t
Schedule F (IT-20)	Allocation of Nonbusiness Income and Indiana Non-Unitary Partnership Income		t
Schedule F/IN-DONATE (IT-40PNR)	Credits/Donations	t
Schedule G (IT-40PNR)	Offset Credits	t
Schedule H (IT-40PNR)	Residency Information/Additional Required Information	t
Schedule IN K-1 (IT-20S/IT-65)	Shareholder’s/Partner’s Share of Indiana Adjusted Gross Income, Deductions, Modifications, and Credits			t	t
Schedule IN K-1 (IT-41)	Beneficiary’s Share of Indiana Adjusted Gross Income, Deductions, Modifications, and Credits					t
Schedule IN-2058SP	Nonresident Military Spouse Earned Income Deduction	t
Schedule IN-40PA	Post-Liability Allocation Schedule	t
Schedule IN-40SA	Injured Spouse Allocation	t
Schedule IN-529 (IT-40/IT-40PNR)	CollegeChoice 529 Education Savings Plan Credit	t
Schedule IN-COMPA	Withholding and Composite Filing Opt-Out Affidavit			t	t	P
Schedule IN-CR	Credit Recapture	t
Schedule IN-DEP (IT-40/IT-40PNR)	Dependent Information and Additional Dependent Child Information	t
Schedule IN-DEP-A (IT-40/IT-40PNR)	Adopted Dependent Information	t
Schedule IN-EDGE	Economic Development for a Growing Economy Credit	t	t	t	t
Schedule IN-EDGE-R	Economic Development for a Growing Economy Retention Credit	t	t	t	t
Schedule IN-EIC (IT-40/IT-40PNR)	Earned Income Credit	t
Schedule IN-H	Household Employment Taxes	t
Schedule IN-OCC	Other Certified Credits	t	t	t	t
Schedule IN-W (IT-40/IT-40PNR/ IT-40RNR)	Withholding Statements	t
Schedule IT-20 RECAP	Reconciliation of Federal Taxable Income		t
Schedule IT-20FSD	Foreign Source Dividend Deduction Schedule		t
Schedule IT-20NOL	Corporate Income Tax Indiana Net Operating Loss Deduction		t
Schedule IT-20PIC	Disclosure of Intangible Expense and Directly Related Interest Expense		t
Schedule IT-20REC	Research Expense Tax Credit (#822)			t	t
Schedule IT-20S RECAP	Recapture of Federal Tax Return Information			t
Schedule IT-2210	Underpayment of Estimated Tax by Individuals	t
Schedule IT-2210A	Annualized Income Schedule for the Underpayment of Estimated Tax by Individuals	t
Schedule IT-2220	Penalty for Underpayment of Corporate Income Tax		t
Schedule IT-2440	Disability Retirement Deduction	t
Schedule IT-40NOL	Individual Income Tax Net Operating Loss Computation	t
Schedule IT-40PNRA	Apportioned Income for Nonresident Individuals	t
Schedule IT-65 RECAP	Recapture of Federal Tax Return Information				t
Schedule PTET	Pass-Through Entity Tax Return			t	t

New Forms

• Schedule IN-ABLE - Indiana ABLE 529A Savings Plan Credit

• Schedule NOL-MOD - Current Year Net Operating Loss Modification Information

Add-Backs and Modifications

• Add-back code 155 has been added to report net operating loss reduction due to debt discharge

• Wagering tax add-backs - The portion of wagering taxes required to be added back as a tax based on or measured by income is being phased out. The percentage of taxes required to be added back for 2024 is 25%.

Tax Credits

• Attainable Homeownership Tax Credit (3-digit code 875; 4-digit code 1875) - Allows a nonrefundable credit for contribution to an affordable housing organization approved by the Indiana Economic Development Corporation (IEDC).

• Employer Child Care Expenditure Credit (3-digit code 876) - Nonrefundable credit for employers with 100 or fewer employees for capital expenses related to establishing childcare facilities for their employees.

• Employment of Individuals with Disability Tax Credit (3-digit code 877; 3-digit code 881 for benefit corporation only)

• Health Reimbursement Arrangement Credit (3-digit code 878) - A nonrefundable credit has been established for an employer that is a corporation, a limited liability company, a partnership, or another entity and has adopted health reimbursement arrangements in lieu of a traditional employer provided health insurance plan.

• Historic Rehabilitation Tax Credit (3-digit code 879; 4-digit code 1879) - Nonrefundable tax credit is available for the rehabilitation of qualified historic structures.

• Indiana ABLE 529A Account Credit (3-digit code 872) - A nonrefundable credit is now available for contributions to Indiana ABLE accounts. This credit must be reported on new Schedule IN-ABLE.

• Physician Practice Ownership Credit (3-digit code 880) - Nonrefundable credit is available for an individual who is a physician practicing as a primary care physician, has an ownership interest in a physician medical practice established after Dec. 31, 2023, has billed for primary health care services for at least six months of that taxable year and is not employed by a health system.

Deductions

• 30 Days or Less Nonresident Employee Wage Deduction (3-digit code 644) A deduction is available for most non-resident workers who worked no more than 30 days in a calendar year in Indiana. New line added to Schedule H and IT-40RNR to report the number of days employed in Indiana.

• Active Military Pay Deduction Change – Beginning taxable year 2024, 100% of military pay earned by members of an active component of the armed forces is exempt from Indiana income tax.

• Foreign Gross-up Deduction Change 3-digit code is reassigned from 119 to 645.

• Health Care Sharing Ministry Deduction (3-digit code 643) An individual who is an Indiana resident and a member of a health care sharing ministry is entitled to an adjusted gross income tax deduction equal to the total amount of qualified health care sharing expenses paid by the qualified individual during the taxable year.

Miscellaneous

• The individual income tax rate decreased to 3.05% for Tax year 2024.

• IT-20PIC New exception code “K – No Exception” added to declare no exception under Indiana law applies.

• Schedule IN-OCC Form has been modified to add new fields for reporting credits that are carried forward from a previous taxable year, any credits that first became available during the taxable year and were not used during the taxable year.

Tax Law Changes

• IRC Update Line 1 of Form IT-40 assumes conformity with the Internal Revenue Code of 1986, as amended and in effect on Jan. 1, 2024. If the 2024 Indiana General Assembly does not conform to the most current changes to the Internal Revenue Code, you may have to amend your 2024 tax return at a later date to reflect any differences between Indiana and federal law. You may wish to periodically check DOR’s homepage at www.in.gov/dor/ for updates.