State Form 46003 (IT-2440) Indiana Disability Retirement Deduction - Indiana

What Is State Form 46003 (IT-2440)?

This is a legal form that was released by the Indiana Department of Revenue - a government authority operating within Indiana. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 46003 (IT-2440)?
A: Form 46003 (IT-2440) is the Indiana Disability Retirement Deduction form.

Q: What is the purpose of Form 46003 (IT-2440)?
A: The purpose of Form 46003 (IT-2440) is to claim the Indiana Disability Retirement Deduction.

Q: Who can claim the Indiana Disability Retirement Deduction?
A: Individuals who receive disability retirement benefits from the state of Indiana can claim the Indiana Disability Retirement Deduction.

Q: What are the eligibility requirements for claiming the Indiana Disability Retirement Deduction?
A: To be eligible, an individual must have retired due to a disability from a state, county, or local government position and must receive disability retirement benefits.

Q: How much is the Indiana Disability Retirement Deduction?
A: The amount of the deduction varies depending on the individual's age and the year of retirement. The deduction is up to $6,250 for individuals under age 65 and up to $10,000 for individuals age 65 or older.

Q: How can I claim the Indiana Disability Retirement Deduction?
A: To claim the deduction, you must complete Form 46003 (IT-2440) and include it with your Indiana state tax return.

Q: Can I claim the Indiana Disability Retirement Deduction if I receive disability benefits from a source other than the state of Indiana?
A: No, the Indiana Disability Retirement Deduction is specifically for individuals who receive disability retirement benefits from the state of Indiana.

Q: Is the Indiana Disability Retirement Deduction refundable?
A: No, the Indiana Disability Retirement Deduction is not refundable. It is used to reduce the amount of taxable income for Indiana state tax purposes.

Q: What documentation do I need to provide when claiming the Indiana Disability Retirement Deduction?
A: You may be required to provide documentation such as proof of disability retirement benefits and/or a copy of your award letter from the state retirement system.