Standard Tax Deduction 2024 Indiana Income. Can be found on this. 1001, enacted in may 2023, indiana accelerated its previously enacted tax rate reductions, lowering the individual income tax rate from 3.15 in 2023 to 3.05 percent in 2024.


Standard Tax Deduction 2024 Indiana Income

The standard deduction is a popular way for taxpayers to reduce the amount of income they are taxed on. Hb 1002, enacted in 2022, lowered the personal income tax rate from 3.23% to 3.15% for tax years 2023 and 2024.

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