Standard Deduction For 2024 Indiana Residents. Use our income tax calculator to estimate how much tax you might pay on your taxable income. Indiana deductions are used to reduce the amount of taxable income.

The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750. The indiana individual adjusted gross income tax rate for 2023 is 3.15% and will adjust in 2024 to 3.05%.