Indiana State Tax Question: TT is showing I can take the $1000 personal exemption on my IN state tax return even though I am claimed as a dependent? Is this right?
Is it still applicable if I had $4900 worth of income?
01194
1 Replies
DMarkM1
Expert Alumni
Mar 8, 2021 8:28:23 AM
According to the Indiana Department of Revenue, this is correct. You can take the $1000 exemption even if claimed as a dependent on someone else's return. There is no income limits. Here is the IN tax bulletin.