Indiana’s state withholding methods and five county tax rates were updated effective Oct. 1, the state revenue department said Sept. 28.
The state’s Departmental Notice No. 1 was updated to add a third deduction constant table for a new exemption for adopted children, the department said in a news release. The $3,000 annual exemption for adopted children was added in legislation (S.B. 2) signed Aug. 5 by Gov. Eric Holcomb (R). The other two deduction constant tables and the 3.23% income tax rate were unchanged.
Form WH-4. Employee’s Withholding Exemption and County Status Certificate, was also ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.