Contributions to an Indiana College Choice 529 plan may be eligible for a credit of up to 20% of the contribution amount on the Indiana tax return. A credit of up to $1,500 is available for contributions made to the plan ($750 for MFS filing status).
To enter the deductible portion of the contributions in TaxSlayer Pro, from the Indiana Return menu select:
- Total Credits
- Offset Credits
- Other Credits
- IN 529 Education Savings Plan Credit (Schedule IN-529) - Select Yes to completing schedule.
- Contributions - Answer whether or not the taxpayer owns the account. Enter the account number. Enter the deductible amount of the contribution that the taxpayer made to the plan. For a couple filing jointly, combine the total contributions made by each spouse.
Additional Information:
Indiana CollegeChoice 529 Savings Plan
While TaxSlayer Pro strives to make the information and links contained on this page as timely and accurate as possible, TaxSlayer Pro makes no promise or guarantee about the timeliness, accuracy or completeness of the contents of this page. The information contained on this page is for general information and is not intended to be tax advice. The user is also encouraged to review the underlying state resources and publications.