Indiana Income Tax Guide for 2024
Overview
Indiana has a flat income tax rate of 3.05%. Capital gains are taxed as ordinary income. The state offers personal exemptions of $1,000 and dependent exemptions of $2,500.
Income Tax Rates
Single Filers
| Income Range | Tax Rate |
|---|---|
| All income | 3.05% |
Married Filing Jointly
| Income Range | Tax Rate |
|---|---|
| All income | 3.05% |
Capital Gains Tax
Capital gains are taxed at the same rates as ordinary income.
Deductions & Exemptions
| Type | Amount |
|---|---|
| Personal Exemption (Single) | $1,000 |
| Personal Exemption (Married) | $2,000 |
| Dependent Exemption | $2,500 |
Additional Information
- Flat 3.05% state rate for 2024 (3.00% for 2025); Indiana counties levy additional local income taxes on top of this
- Indiana starts from federal adjusted gross income and has no standard deduction; it allows exemptions instead
- Exemptions are $1,000 per taxpayer ($2,000 married filing jointly) and $1,000 per dependent, plus an additional $1,500 for a qualifying dependent child ($3,000 in the first year the child qualifies)
Charts
Loading interactive chart...
Sources
The 2024 figures for Indiana on this page were compiled from the following official government publications:
Compare multiple states
Ready to see how federal and state taxes compare for your specific situation? Try our interactive comparison tool.
Start comparingLast updated: September 15, 2026
Found something wrong? Report inaccurate data