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 ProWeb, from the Indiana Return menu select:
- Credits
- Schedule IN-529: Education Savings Plan
- Add Credit - Specify if the taxpayer owns the account, enter the account number, and enter the contributions amounts in the fields provided.
Additional Information:
Indiana College Choice 529 Savings Plan
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