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What are the current tax brackets 2022?

For the 2022 tax year, there are seven federal tax brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Your tax bracket is determined by your filing status and taxable income.

What is Indiana personal income tax rate?

Indiana Income Tax Rates Indiana has a flat tax rate of 3.23% for 2021, meaning everyone pays the same state income tax regardless of their income.

Who gets Indiana 2022 refund?

To qualify, for the $200 Automatic Taxpayer Refund, the taxpayer must have received Social Security benefits in calendar year 2022 and must not be claimed as a dependent on a 2022 Indiana income tax return. These taxpayers must file a 2022 Indiana resident tax return to claim the $200 Automatic Taxpayer Refund.

How much is 60000 a year after taxes in Indiana?

If you make $60,000 a year living in the region of Indiana, USA, you will be taxed $12,496. That means that your net pay will be $47,504 per year, or $3,959 per month. Your average tax rate is 20.8% and your marginal tax rate is 32.9%.

What are the income tax rates for 2022?

When it comes to federal income tax rates and brackets, the tax rates themselves arent changing from 2022 to 2023. The same seven tax rates in effect for the 2022 tax year 10%, 12%, 22%, 24%, 32%, 35% and 37% still apply for 2023.

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Does the state of Indiana have state income tax?

Indiana Income Tax Rates Indiana has a flat tax rate of 3.23% for 2021, meaning everyone pays the same state income tax regardless of their income.

What is Indianas state income tax rate?

Indiana has a flat 3.23 percent individual income tax rate. There also are jurisdictions that collect local income taxes. Indiana has a 4.90 percent corporate income tax rate. Indiana has a 7.00 percent state sales tax rate and does not levy any local sales taxes.

Is Indiana sending out stimulus checks?

Indiana. Hoosiers are eligible for $125 rebates regardless of income, thanks to the states automatic taxpayer refund law, Direct deposit payments started going out in May with printed checks slated to be sent to the 1.7 million taxpayers who didnt provide banking information in July.

How much is Indianas income tax?

Indiana Income Tax Rates Indiana has a flat tax rate of 3.23% for 2021, meaning everyone pays the same state income tax regardless of their income.

What is the Indiana income tax rate for 2022?

Income Tax Rates The Indiana individual adjusted gross income tax rate is 3.23%. County income tax rates may be adjusted in January and October. Departmental Notice #1 contains the most recent county income tax rate chart for withholding.

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