Rounding to nearest whole dollar

Ind. Code § 6-8.1-6-4.5
in effect
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Sec. 4.5. A taxpayer that is required under IC 6-3-4-1 to file a return shall round to the nearest whole dollar an amount or item reported on the return. The following apply if an amount or item is rounded: (1) An amount or item of at least fifty cents ($0.50) must be rounded up to the nearest whole dollar. (2) An amount or item of less than fifty cents ($0.50) must be rounded down to the nearest whole dollar. As added by P.L.119-1998, SEC.17. Amended by P.L.182-2009(ss), SEC.252.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/6Fetched: 10/17/2026

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