1. Food and Medicine: In Indiana, both prescription and over-the-counter medications as well as food for human consumption are free from sales tax. Sales tax, however, applies to non-prescribed vitamins, nutritional supplements, and other healthcare products.
2. Clothes: Anything sold for less than $100 is exempt from sales tax, including clothing, shoes, and accessories. Sales tax, however, is charged on the full purchase price if the item is more expensive than $100.
3. Educational Resources: Textbooks, workbooks, and other learning aids that are necessary for school are exempt from sales tax. Sales tax, however, applies to non-instructional books and other publications for general reading.
4. Donations to charities: Goods donated to charities are free from paying sales tax. However, the full cost of the item is liable to sales tax if the donor receives something in exchange for the donation (such a shirt or another item).
You can fill out the online application form on the IRS website to obtain your Tax Identification Number (TIN). Your name, address, and social security number are among the details that must be provided.
Your tax identification number (TIN) and social security number (SSN) are not the same. Your Social Security Number (SSN) is a special nine-digit number that the Social Security Administration issues to you in order to keep track of your wages and disburse payments. In contrast, the IRS issues your TIN, a nine-digit number, to you for tax-related purposes.
Your state’s Department of Motor Vehicles (DMV) issues you a special number known as your State Identification (ID) Number that serves as proof that you have a valid driver’s license. It differs from your TIN or SSN.
Yes, Indiana does mail Form 1099-G to anyone who received government payments like state or local income tax refunds, unemployment benefits, or other benefits during the year. The amount of these payments must be reported on this form in order to complete your federal income tax return.