INDIANA State Tax Filing for FREE in 2024 | F-1 Students | International Students | Purdue
HTML-код
- Опубликовано: 12 мар 2024
- HERE is the video for INDIANA State Tax that many of you have been waiting for! I am so grateful to receiving a lot of positive comments from students at PURDUE since last year and I want to thank you for helping me get to the PURDUE Official Website: sites.google.com/view/purduet...
I am beyond words and it wouldn't have been possible without YOU!!
TAX DEADLINE: 15th April 2024
This video is for people who earned income (whether it's for internship, part-time, or any other employment) in INDIANA in the year 2023. The main forms are:
1. Form IT-40PNR
2. Schedule A
3. Schedule C
4. Schedule D
5. Schedule IN-DEP
6. Schedule F
7. Schedule H
8. Form CT-40PNR
Some of them might not be applicable for you so make sure you watch the entire video.
I am an INTERNATIONAL STUDENT and worked part-time at PURDUE in 2023.
Please feel free to comment if you have any queries or reach out to me at piyush.patil1512@gmail.com or patil107@purdue.edu. I would try to help in the best way I can.
SHARE this video with your friends in INDIANA so that they don't miss out on the deadlines and file taxes correctly.
*DISCLAIMER: I am not a tax professional and I am a F-1 student who graduated in December 2023 from Purdue. This is how I filed my federal tax forms using GLACIER. Please consult a tax professional if you have any doubts*
**IMPORTANT**:
1. If you lived ‘ON-CAMPUS’ or ‘NGO HOUSING’ in 2023, you CANNOT claim the Renter’s Deduction on SCHEDULE C.
In this case, you simply need to skip the Schedule C and don’t send it with your documents but fill out and send other forms as applicable!
2. If you haven’t already sent your documents, also fill our FORM IN-W. This is not mentioned in the video because I figured that out later.
Please feel free to reach out at patil107@purdue.edu if you need to discuss anything!
Where can we get the FORM IN-W? I found the "schedule IN-W information" document but I could not find the actual form
Bro's back when everyone needed him the most
Haha! Anytime for you all 🙏🏻❤️
Very informative video. Helped me loads. Thank you ❤
Thanks Abhinav! Glad you found it useful.
Apart from the forms you mentioned do we need to attach W2, 1040NR from federal filings and 1042s forms as well to mail documents
Hi Pranjal. You don’t need to attach Federal returns with your Indiana State tax. Attach the Indiana forms and all the W-2s.
You can refer this video: ruclips.net/video/AtaYcmMyUpo/видео.htmlsi=AH8qwzWeIWB2tGZU
I hope this helps. Please feel free to reach out if you have any doubts!
From where did you get that 2444 figure for col. B. I mean from which form and also tell the location in the form to pinpoint for this figure. 7:42
Hi. I had two separate W-2s in 2023. One for California and another one for Indiana. I earned $2,444 from Indiana (you can find it from Box 1 of your W-2) which is the amount I entered in Column B.
IMPORTANT: In Column B, only enter the income that you earned in Indiana!
Super helpful video.
Thanks Bro! Glad you found it helpful!
Thank you so much for your wonderful informative videos. You are doing an incredible job by helping so many international students. I wanted to ask what am I supposed to include in the Schedule C form if I have only lived on campus in the Purdue University Residences?
Thank you for your kind words!! I’m really happy to help you in your tax filing!
So as per a video uploaded by Purdue, if you lived ‘On-Campus’ or lived in ‘NGO Housing’, you CAN’T claim the Renter’s Deduction!
So in your case, as you lived On-Campus in 2023, you don’t need to fill Schedule C as it won’t be applicable to you. You can simply skip this Form and fill other Forms and Schedules.
I hope this helps. Please feel free to reach out at patil107@purdue.edu if you need to discuss this further.
In IT-40PNR, I got Minus(-ve) value in Line 5. Should I keep "- value" or "0".
Hi. I assume that the value on your Line 7 is zero. If yes, you have 2 options:
1. Enter ‘- value’ in Line 5 and then 0 in line 7.
2. Enter 0 in Line 5 as well as Line 7
Both of the options have the same meaning: Your Indiana taxable income is zero. I think it shouldn’t make a huge difference. If you ask me, I would prefer the first option.
I hope this helps!
I dont have any income from Indiana but I lived in Indiana from 1st Jan 2023-6Jun2023. What do I enter for the country code?
If you didn’t have any income in 2023, you don’t need to file the Indiana State Taxes!
You still need to File the Form 8843 with the IRS: ruclips.net/video/gAQ4lPV3yYs/видео.htmlsi=Rp3KpE2IoCUw58BE
I hope this helps!
Hi Piyush, that's a wonderful video helped a lot but I got a question. Shouldn't we also fill the IN-W form?
Hi Rohit. Thank you for your kind words! I just found that out after reading the instructions that it’s recommended to attach Form IN-W if you are filing by paper.
Purdue didn’t mention about this form in their list of forms until now.
If you haven’t sent out the documents already, please consider attaching this form as well!
Thank you for letting everyone know about this. Appreciate your help and attention to detail!!
Amazing Bhai ❤❤❤❤
Thankss a lot Madhur bhaii!
Is the rent paid valid till dec 2023 or if my lease was till feb 2024 should I count those months as well
Yes. You should only count the months you stayed in Indiana in 2023 (Jan-Dec). Any rent paid in 2024 will be included in next year’s tax filing.
Hi! Thanks for the informative video. I had a question: I currently hold stocks via robinhood but have not been given an 1099 DIV form (Dividends are below $10) or the capital gains document (I have stayed less than 183 days). Do I still need to show that I own stocks either on my state or federal tax forms? (I haven't sold any stock yet either, just purchased)
Hi Soham!
Did you receive any dividends in 2023?
You DON’T need to report any stock purchases on Federal or State taxes. You only need to report if you received any DIVIDEND income or SOLD stocks during any financial year in Form 1040-NR Schedule NEC as a Non-Resident Alien.
@@PiyushPatil1512 I received maybe less than a dollar, thus I didnt get a 1099 DIV. It mentions we only get it if we earn more than $10 through dividends. Do I still need to show that amount on the 1040-NR?
In an ideal scenario, you should report everything. But I think less than a dollar isn’t worth putting in as you would also need to fill Schedule NEC and tax is negligible.
What if the subtraction of line 4 from line 3 in IT 40PNR is a negative term? Should we write the absolute value or do something else?
Hi Roshan! In this case, you have two options:
1. Put Line 5 as negative value, proceed with the calculations and then put Line 7 as 0
2. Put both Line 5 and Line 7 as 0
In any case, the meaning remains the same: “Your taxable income is 0”
So it shouldn’t make a difference on which option you choose!
@@PiyushPatil1512 awesome thanks
I have Standard Deduction - US-India Income Tax Treaty on my federal tax return. Where should I include that on my Schedule A in section 2?
Hi Gaurav. To clarify: ‘STANDARD DEDUCTION’ due to US-India tax treaty is only applicable to “FEDERAL TAX” and not for STATE TAX.
Each State has their own deduction rules. For example: Indiana has Renter’s Deduction (Schedule C), Exemptions (Schedule D), etc.
So you DON’T have to enter standard deduction anywhere in Indiana Tax Filing.
@@PiyushPatil1512 Section 2 of schedule A says to enter in column A the deductions claimed on 2023 federal income tax return. Would that deduction not go in there?
We don’t have to add the standard deduction in Indiana forms. Section 2 is only if you had Schedule 1 with your Federal Tax.
if you have only worked in indiana, then your taxable indiana tax should be same as federal one right on schedule A
Yes Nikhil. You are right. Both the columns would be the same for you if you earned all your 2023 income in Indiana!
@@PiyushPatil1512 hey Piyush do you mind making a short vid on how to file an amended return for state tax is that is possible thanks in advance
Hey. Sure. I will try to come up with one. In case it takes time, please feel free to reach out at patil107@purdue.edu and we can discuss more about this offline!
Hey Piyush Can you share your mail? I had an issue with schedule C where I cant fit my address in the Indiana Address section. In that case what should I do? I asked for the mail if you wanted to see a screenshot of the issue. Thanks!
Also, Does the rent include the application Fee?
No, you shouldn’t include any fees or utilities apart from the actual RENT you paid!
My email is patil107@purdue.edu.
If your address doesn’t fit the box, you can insert a text box manually and reduce the font size so that it fits.
hoping thats not your real ssn
It was 🥲
I blurred out. Thanks for informing me Smriti! Appreciate your help.