What is the Disability Retirement Deduction?

To take this deduction you must meet all of the following requirements:
  1. Been permanently and totally disabled at the time of retirement
  2. Retired on disability before December 31, 2014
  3. Received disability retirement income during 2014

If you meet the above requirements, you must complete Schedule IT-2440 and have it signed by your doctor to claim this deduction. This deduction is limited to a maximum of $5,200 per qualifying individual.

Note. Social Security disability income does not qualify for this deduction because Indiana does not tax this income.

For more information about this deduction see Income Tax Information Bulletin #70 and Schedule IT-2440 at Indiana's Department of Revenue website.

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