Bloomberg Tax
Aug. 18, 2023, 6:35 PM

Indiana Updates Withholding Methods for New Exemption

Jamie Rathjen
Jamie Rathjen

Indiana’s Departmental Notice No. 1 was updated effective Sept. 15 to add an increased additional dependent exemption for first-time dependents, the state revenue department said.

Section 94 of the state’s 2023-2025 budget increases the normal $1,500 additional dependent exemption to $3,000 in the first year that it can be claimed for a particular dependent, effective retroactive to Jan. 1, 2023.

Table B of the three deduction constant tables should be used to account for the increased first-time additional dependent exemption, the department said in the notice. The values in the tables were not changed, but rather the new exemption ...

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