IRS Revises Form 941 for COVID-19
The IRS has stated that the new 941 should be used starting with second quarter of 2020 to report retained taxes under the COVID-19 tax credits.
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Contents
The Hoosier State has a flat income tax system where the income taxes are relatively low compared to the rest of the country. Use the Indiana paycheck calculators to see the taxes on your paycheck.
Indiana Tax Information
Withholding Requirements
- Register as an employer on the Indiana Department of Workforce Development website
Employee's Withholding Tax Exemption Certificate
: WH-4Withholding Method
: FormulaSupplemental Rate
: 3.23% for 2020
Local Occupational Taxes
Indiana State Unemployment Insurance (SUI)
Indiana Wage Base
: $9,500 for 2020Indiana SUI Rates range from
: 0.50% to 7.4% for 2020Indiana new employer rate
: 2.50% to 2.96% for 2020Indiana new construction employer rate
: 2.53% for 2020, unless certain conditions are met
Indiana State Disability Insurance (SDI)
- None
Indiana State Labor Laws
Indiana Minimum Wage
: Federal minimum wage provision appliesIndiana Termination Pay
:- Employee is fired — next regular payday
- Employee quits — next regular payday
Indiana New Hire Reporting
- Indiana New Hire Center
P O Box 55097
Indianapolis, IN 46205 - Phone: 317-612-3028
- Fax: 317-612-3036
Remit Withholding for Child Support to
- Indiana State Centralized Collection Unit
PO Box 6219
Indianapolis, IN 46206-6219 - Phone: 800-292-0403
Indiana Reciprocal States
- Kentucky
- Pennsylvania
- Michigan
- Ohio
- Wisconsin
Indiana Withholding Forms
Indiana Payroll Calculators
Calculate your Indiana net pay or take home pay by entering your pay information, W4, and Indiana state W4 information.
These free resources should not be taken as tax or legal advice. Content provided is intended as general information. Tax regulations and laws change and the impact of laws can vary. Consult a tax advisor, CPA or lawyer for guidance on your specific situation.
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