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Schedule                                  Indiana Department of Revenue                                            Enclosure 
IT-2210A                                2024 Annualized Income Schedule for the                              Sequence No. 14
State Form 48437 
(R24 / 9-24)                      Underpayment of Estimated Tax by Individuals

Name(s) shown on Form IT-40/Form IT-40PNR                                               Your Social Security Number

Section 1 – Early Filers
Check box if you filed your 2024 tax return and paid the total tax due by Jan. 31, 2025.

Section 2 – Required Annual Payment
A.  2024 tax  ______________________________________________________________________                   A                 .00

B.  2024 credits (not including withholding credits or estimated tax) ___________________________      B                 .00

C.  Subtract line B from line A  ________________________________________________________              C                 .00

D.  Multiply line C by 90% (.90) _______________________________________________________               D                 .00

E.  2024 withholding tax and PTET credit  _______________________________________________              E                 .00

F.  Subtract line E from line C – If less than $1,000, STOP HERE! You do not owe a penalty _____       F                 .00

G.  Prior year’s tax (see instructions)  __________________________________________________            G                 .00

H.  Minimum required annual payment – Enter the lesser of line D or line G (if G is N/A, enter amount  
from D). If less than or equal to the amount on line E, STOP HERE! You do not owe a penalty _          H                 .00

Section 3 – STOP! Complete lines 1 through 12 for columns A through D first.

                                          Column A                   Column B           Column C             Column D 
                                          1-1 to 3-31                1-1 to 5-31        1-1 to 8-31          1-1 to 12-31
1.  Indiana adjusted income for each 
period _______________________                        00                         00                    00                00

2.  Annualization amounts  _________                  4.0                        2.4                     1.5             1.0
3.  Annualized income: Multiply line 1 
by line 2 _____________________                       00                         00                    00                00
4.  Exemptions: Line 6 of Form IT-40  
or Form IT-40PNR   ____________                       00                         00                    00                00
5.  Annualized state taxable income  
(line 3 minus line 4) ____________                    00                         00                    00                00
6.  State income tax: Multiply line 5 
by 3.05% (.0305) ______________                       00                         00                    00                00
7.  County income tax: 
See instructions _______________                      00                         00                    00                00
8.  Annualized total tax:  
Add lines 6 and 7 ______________                      00                         00                    00                00

9.  Credits: See instructions ________                00                         00                    00                00
10. Annualized tax: Subtract line 9 from  
line 8. If less than zero, enter -0- __               00                         00                    00                00

11. Applicable installment percentages _  .225                              .450                       .675        .900
12. Installment amount due:  
Multiply line 10 by line 11 ________                  00                         00                    00                00

                                          *24100000000*
                                                      24100000000

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Schedule IT-2210A
Section 3 (continued)

                                            Column A           Column B       Column C                        Column D 
                                            1-1 to 3-31        1-1 to 5-31    1-1 to 8-31                     1-1 to 12-31
12a. Enter amounts carried from the 
    front page, line 12  ____________                   00                 00                           00                00
STOP!  Complete lines 13 through 25 for each column, beginning with Column A, before going to the next column.
13. Amount from line 19 of all preceding 
 columns (see instructions) _______                                        00                           00                00
14. Total Tax: Subtract line 13 from line 
 12a. If less than zero, leave blank __                 00                 00                           00                00
15. Minimum tax due: Enter 25% (.25) 
 of line H from Section II   ________                   00                 00                           00                00
16. Enter the amount from line 18 of the  
 preceding column  _____________                                           00                           00                00
17. Total minimum tax: Add lines  
 15 and 16  ___________________                         00                 00                           00                00
18. Subtract line 14 from line 17. If less  
 than zero, leave blank  __________                     00                 00                           00                00
19. Actual estimated tax due: Enter the 
 lesser of line 14 or line 17 here. 
 Carry to line 13 of the next column  _                 00                 00                           00                00
20. Indiana state income tax  
 withheld and PTET  ____________                        00                 00                           00                00
21. Indiana county income tax  
 withheld _____________________                         00                 00                           00                00

22. Estimated tax payments  ________                    00                 00                           00                00
23. Total amount paid: Add lines 20  
 through 22  ___________________                        00                 00                           00                00
24. Overpayment: If line 23 is greater 
 than line 19, enter the difference 
 here ________________________                          00                 00                           00                00
25. Underpayment: If line 19 is greater 
 than line 23, enter the difference 
 here ________________________                          00                 00                           00                00

26. Add line 25, Columns A + B + C + D and enter the total here ____________________________________                      00

27. Penalty due. Multiply line 26 by 10% (.10) and enter total here and on line 20 of Form IT-40/IT40PNR  ___             00

                                            *24100000000*
                                                        24100000000

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Instructions for Schedule IT-2210A, Annualized Income Schedule for the
Underpayment of Estimated Tax by Individuals
Who Should File Schedule IT-2210A? Section 2 – Required Annual Payments any amounts on Schedule F, lines
Most taxpayers have state and county Section II will determine if you should have 4 through 11. Enter the result here.
income taxes withheld from their income paid estimated taxes during the year and Note: See CAUTION box on page 2.
by their employers; therefore, the income the minimum amount required.
taxes are usually paid in “even” amounts • If you filed a 2023 Form IT-40PNR as
throughout the year. However, if you are Line A – 2024 Tax. Add together the state a part-year resident of Indiana, you
self-employed, earn seasonal income, adjusted gross income tax and county must figure the tax for that year on an
have income which does not have state income tax from lines 8 and 9 of Form annualized basis. See the instruc tion
and county income taxes withheld, or IT-40 or Form IT-40PNR, certain Indiana and Example for when 2023 Form
expect to owe more than $1,000 of state credit recaptures from line 3 of Indiana’s IT-40PNR was filed as a part-year
and/or county income taxes at the time Schedule 4 or Schedule E, plus any resident on page 2.
you file your annual income tax return, nonresident professional team member’s
you might be required to pay estimated county tax from Schedule E, line 4. Enter • If you did not file a 2023 tax return,
taxes during the tax year. Either Schedule the total here. enter “N/A”.
IT-2210 or Schedule IT-2210A are used to
determine if you paid enough estimated Line B – 2024 Credits. Add together any Line H – Minimum required annual
taxes each period. If you did not, then you credits from lines 5 through 12 of Indiana’s payment. Enter the lesser of line D or
can figure the penalty you might owe for Schedule 5 or Schedule F, plus any offset line G. If the line G entry is N/A, enter the
the underpayment of the estimated taxes. credits from line 13 of Form IT-40 or Form amount from line D on this line.
IT-40PNR. Enter the total here.
Schedule IT-2210A or Schedule Section 3 – Annualized Method
IT-2210 – Which One to Use Line D. To determine 90% of your total STOP! Complete lines 1 through 25 for
You should use Schedule IT-2210A to: expected tax, multiply line 3 by 90% (.90). each column, beginning with Column A,
1. figure your penalty, or before going to the next column.
2. to show you paid enough estimated Note. If at least two-thirds of your gross
tax for a period if you received seasonal in come is from farming or fishing, multi ply Line 1. 2024 Indiana Adjusted Income:
income (such as Christmas tree sales, line 3 by .667. You must use the amount from Form IT-40
fireworks sales, etc.), or a lump sum or from Form IT-40PNR, line 5, and figure
distribution, and you made any estimated Line E – 2024 Withholding and pass how much of this income was earned
tax payments that coincide with the through entity tax (PTET) credit. Add during each period. Note that each column
receipt of that income. If the income you together any state and county withholding includes the income totals from all previous
received (on which no Indiana income tax amounts, along with any pass through columns. See the example at the top of the
is withheld) is evenly distributed during the entity tax (“PTET”) from lines 1 through next page.
year, such as pension income, then you 3 of Indiana’s Schedule 5 or Schedule F.
should file Schedule IT-2210 instead. Enter the total here. Line 4. Exemptions: Enter the total amount
of exemptions shown on line 6 of Form
Farmers and Fishermen Line F. Subtract line E from line C. If this IT-40 or Form IT-40PNR. Enter the total
If at least two-thirds of your income for amount is less than $1,000, you do not amount in each column.
2023 or 2024 was from farming or fishing, owe a penalty. Stop here and attach a
you have only one payment due date for copy of this schedule to your individual Line 5. Annualized State Taxable Income:
2024 estimated tax – Jan. 15, 2025. income tax return. Subtract line 4 from line 3. If the difference
is a negative number, put no entry on this
To show you meet this two-thirds rule, do Line G – Prior Year’s Tax Exception. See line.
not file this schedule. Instead, you must file if you are eligible for any of the following
Schedule IT-2210, and complete the Section exceptions: Line 7. County Income Tax: Multiply
D – Short Method. Get Schedule IT-2210 at • If your federal adjusted gross income the amount on line 5 by your county
www.in.gov/dor/tax-forms/individual/current. from 2023 was more than $150,000 tax rate from line 2 of your county tax
($75,000 for married filing separately) schedule (CT-40 or CT-40PNR) or multiply
Section 1 –Early Filers and you are not subject to the special the amount on line 5 that is principal
If you file your individual income tax return rules for farmers and fishermen, enter employment income (less allowable
and pay the tax due by Jan. 31, 2025, the result multiplied by 110% (1.10). exemptions) by the county tax rate from
you will not be required to make a 4th See the CAUTION box on page 2. Section 2, line 6, of Schedule CT-40PNR.
installment estimated tax payment. For
additional information see the instructions • If you filed a 2023 Form IT-40PNR
for line 22. as a full-year nonresident, add the
tax from lines 8 and 9; subtract the
total of the credits on line 13 plus
1

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Line 9 – Credits. Enter the applicable Example for when 2023 Form IT-40PNR was filed as a part-year resident. If you filed
portion of credits from lines 5 through 12 of a 2023 Form IT-40PNR as a part-year resident of Indiana, you must figure the tax for that
Indiana’s Schedule 5 or Schedule F, plus year on an annualized basis. You can accomplish this by multiplying the Form IT-40PNR
any offset credits from line 13 of Form IT- line 1 income by 12 and dividing the result by the number of months you were an Indiana
40 or Form IT-40PNR, for each period. resident. Then figure the state tax and county tax, if applicable, by 1) subtracting your
2024 exemptions from the result and 2) multiplying that total by the combined state and
Example. If you made a contribution to applicable county tax rate(s) from your 2024 Indiana individual income tax return. See the
a college in July, include this credit in example below. Note: If your federal adjusted gross income from 2024 was more than
Column C and Column D. $150,000 ($75,000 for married filing separately), see CAUTION box below.

Line 13. Enter the amount (if any) from line
Example.

19 of all preceding columns. • Jane moved to Indiana on Sept. 15, 2023, so she was a resident for 3.5 months.
• Her 2023 Form IT-40PNR line 1 income is $10,000.

Example. To complete line 13, Column D, • Her 2024 total exemptions are $3,500.
add line 19 amounts from Columns A, B • The 2024 adjusted gross income tax rate is 3.05% (.0305). Her 2024 county tax

and C. Enter this amount in Column D.
rate is .01 (for a 4.05% [.0405] combined state and county tax rate).
Line 15 – Minimum Tax Due. Enter 25%
Use Steps 1 – 4 below to figure her prior year’s tax exception for line G of Sch. IT-2210A.
of line H (from Section 2) in each column.
Step 1 $ 10,000 2023 Indiana income
Line 16 – Tax Carryover. Enter the
x 12 months
amount from line 18 of the preceding
$ 120,000 annualized income
column. This line keeps track of the portion
of your average tax that was not imposed
for the previous period.
Step 2 $ 120,000 annualized income
÷ 3.5 months of 2023 residency
Line 19 – Actual Estimated Tax Due.
34,286
Enter the smaller amount from line 14
or line 17 on this line. This is the actual
amount of estimated tax you should have
Step 3 $ 34,286
paid for this period. Also, enter this amount
- 3,500 2024 exemptions
on line 13 of the next column. (Because
30,786
this is subtracted in columns B, C, and
D, you will not pay a penalty on the same
underpayment twice.)
Step 4 $ 30,786
x 4.05% 2024 combined state and county tax rate
Line 20 – Indiana State Tax Withheld $ 1,247*
and PTET. Divide the amount from line
1 and line 3 of Indiana’s Schedule 5 or
* The $1,247 Step 4 amount should be entered as an exception on line G of Jane’s
Schedule F by four and enter the result in
Schedule IT-2210A.
each column.

Note. If your withholding should change
during the year, please show the CAUTION. If your 2023 federal adjusted gross income is more than $150,000 ($75,000
increase or decrease in the period when if your 2024 filing status is married filing separately), you must enter 110% of last year’s
the change occurred. tax (instead of 100%) on line G.

In addition, if your income subject to Example. Chris and Kate’s 2023 federal adjusted gross income from line 1 of Form IT-40
PTET changes through the year, see is $158,000. They must take the following steps to arrive at the exception amount for line
Income Tax Information Bulletins 3 and 7:
72B for further information.
a. 2023 IT-40 total income tax (line 8 plus line 9)........................... $ 6,952
Line 21 – Indiana County Tax Withheld. b. 2023 IT-40 credits (line 13 plus line 14 plus
Divide the amount from line 2 of Indiana’s Schedule 5, lines 4 through 11) ...................................................- 1,952
Schedule 5 or Schedule F by four and c. Subtotal ...................................................................................... $ 5,000
enter the result in each column. See note d. Exception to the penalty percentage .......................................... x 110%
above. e. Amount for line 7 of Schedule IT-2210 ....................................... $ 5,500

Note. If Chris and Kate’s 2023 federal adjusted gross income is less than $150,000,
they would enter $5,000 instead of $5,500 on line G.
2

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Example. Jean and Jerry’s 2024 Indiana adjusted income was Figure their Indiana adjusted income for:
figured using the following information: The period 1-1-24 through 3-31-24 (first 3 months (mos) of the year):
3 mos/12 mos (or .25) x $30,000 wage ...................... $7,500
Jean’s wage income earned evenly $50 a month interest x 3 months ...................................... 150
throughout the year ...................................................... $ 30,000 3 mos/12 mos (or .25) x $2,500 renter’s deduction ...... - 625
Jerry’s net income from fireworks sales earned Line 1, Column A Indiana Adjusted Income ................. $7,025
in June and July............................................................... 22,000
Total joint interest income ($50 received monthly) ............... 600 The period 1-1-24 through 5-31-24 (first 5 months (mos) of the year):
Renter’s deduction for renting all year ........................... - 2,500 5 mos/12 mos (or .42) x $30,000 wage .................... $12,600
Indiana adjusted income for 2024 ...............................*$ 50,100 $50 a month interest x 5 months ..................................... 250
5 mos/12 mos (or .42) x $2,500 renter’s deduction ... - 1,050
They will have to figure how much wage and interest income was Line 1, Column B Indiana Adjusted Income ................$11,800
earned on a monthly basis, and how much renter’s deduction
is available for each month. Then they can figure the portion of The period 1-1-24 through 8-31-24 (first 8 months (mos) of the year):
their Indiana adjusted income for each of the time periods shown 8 mos/12 mos (or .67) x $30,000 wage .................... $20,100
on line 1, Columns A - D. $50 a month interest x 8 months ...................................... 400
Jerry’s net income (all received in June and July) ...... 22,000
*This $50,100 amount will be entered on line 1, Column D of 8 mos/12 mos (or .67) x $2,500 renter’s deduction ... - 1,675
their Schedule IT-2210A. Line 1, Column C Indiana Adjusted Income ............... $40,825

Line 22 – 2024 Estimated Tax Payments. Enter the amount of Example. Mike had a $100 underpayment on line 25, Column A.
estimated taxes paid per each installment period. He had a $130 overpayment on line 24, Column B. The net
overpayment from the first two installment periods is $30
• Column A - Enter estimated tax payments made from Jan. ($130 - $100). He’ll add this net overpayment to any estimated
1, 2024, through April 15, 2024. Do not include the fourth tax paid for the third installment period on line 22, Column C.
estimated tax payment for 2023.
Note. If, after subtracting any previous underpayments, this
• Column B - Enter estimated tax payments made from April amount is less than zero, no overpayment will be available to
15, 2024, through June 17, 2024. carry over to the next installment period.

• Column C - Enter estimated tax payments made from June Also, do not carry over a negative figure if this amount is less
17, 2024, through Sept. 16, 2024. than zero. For example, a first period underpayment of $80
plus a second period overpayment of $50 results in a $30 net
• Column D - Enter estimated tax payments made from Sept. underpayment. This amount is not to be used to decrease any
16, 2024, through Jan. 15, 2025. credits for the next installment period.

Note for Early Filers. If you file your individual income tax Line 25. Underpayment: If line 23 is less than line 19, enter the
return and pay the total tax due by Jan. 31, 2025, you will not be difference on this line.
required to make a 4th installment estimated tax payment. You
should include on line 22, Column D, the amount of tax you paid Line 26. Add lines 25A + 25B + 25C + 25D and enter the total
with your tax return (Form IT-40 or Form IT-40PNR) minus any here.
household employment tax, use tax, certain Indiana credits, and/
or the amount shown on the return to be applied to your 2025 Line 27. Penalty for the underpayment of estimated tax: Multiply
estimated tax account. line 26 by 10% (.10). Enter the amount here and on line 20 of your
Form IT-40 or Form IT-40PNR.
Line 24 – Installment Period Overpayment. If the total payment
(line 23) is more than the required payment due (line 19) for If you are filing your IT-40 or IT-40PNR by mail, you must
an installment period, enter the difference on this line. This enclose Schedule IT-2210A with your return. In addition, mark
amount should then be added to line 22 in the next column after "A" in the box on Line 20a of Form IT-40 or Form IT-40PNR
subtracting any underpayment(s) shown on line 25 in the previous if you are using this form to calculate your penalty for the
column(s). underpayment of estimated tax.

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