Indiana DOES NOT tax Social Security Benefits or Railroad Retirement Benefits that are issued by the U.S. Railroad Retirement Board.
Your taxable Social Security Benefits from your federal income is automatically deducted from your Indiana income in your account.
IMPORTANT: Do not enter any other types of retirement or pension income in this section.
Note: See the Railroad Unemployment and Sickness Benefits Deduction instructions on page 22 of the IT-40 Booklet if you have received unemployment and/or sickness benefits from the Railroad Retirement Board.