Indiana's CollegeChoice 529 Education Savings Plan Credit Preview on Page 1

Indiana's CollegeChoice 529 Education Savings Plan Credit 2026

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  1. Click ‘Get Form’ to open the Indiana's CollegeChoice 529 Education Savings Plan Credit in the editor.
  2. Begin by entering your name(s) and Social Security Number at the top of the form. This information is essential for identification purposes.
  3. In Column A, check the box if you or your spouse do not own the account. If you are the account owner, leave this box unchecked.
  4. Enter the account number in Column B for each qualified account where contributions were made. Ensure that the format matches what is specified in the instructions.
  5. For Column C, input the total contributions made for higher education expenses next to each corresponding account number.
  6. In Column D, record any contributions made towards K-12 education expenses for each account.
  7. Follow through lines 10 to 16 to calculate your allowable credit based on your contributions and income as instructed on the form.

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529 gift tax contribution limits In 2023, you can gift up to $17,000 (or if youre married and file taxes jointly, up to $34,000) per recipient without those contributions counting toward your lifetime gift tax exemption.
CollegeChoice 529 offers: A special Indiana tax credit. Indiana taxpayers can get a state income tax credit equal to 20% of their contributions to a CollegeChoice 529 account, up to $1,500 per year ($750 for married filing separately).
Apart from technical, nonsubstantive changes, this bulletin has been revised to reflect that beginning with the 2023 tax year, the credit limit increases to $1,500 (or $750 for married individuals filing separate returns) and to reflect that contributors can elect to treat certain contributions made on or before the

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Beginning January 1, 2023, the maximum increases to $1,500 ($750 for married filing separately).
For electronic contributions, we will generally treat contributions received by us in a given year as having been made in that year if you initiate them on or before 11:59 p.m. Eastern Time on December 31 of that year and the funds are successfully deducted from your checking or savings account at another financial
At a glance 529 contributions are tax deductible on the state level in some states. They are not tax deductible on the federal level. But if youre saving for college, youll want to know that 529 savings plans offer other tax benefits, such as tax-free earnings growth and tax-free withdrawals for qualified expenses.
At a glance 529 contributions are tax deductible on the state level in some states. They are not tax deductible on the federal level. But if youre saving for college, youll want to know that 529 savings plans offer other tax benefits, such as tax-free earnings growth and tax-free withdrawals for qualified expenses.
Indiana taxpayers making contributions to a CollegeChoice 529 account now qualify for a 20% tax credit on up to $1500 ($750 for married filing separately). This is a $500 increase ($250 for married filing separately) from contributions made in 2022.

Related links

Payment Options: IU East

Indianas CollegeChoice 529 plan Complete a distribution request form and submit it via US mail to the plan provider. Submit a distribution request online.Read more

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Indiana 529 Savings Plan Credit

Jan 1, 2026 The purpose of this bulletin is to provide guidance concerning the Indiana income tax credit for contributions to the Indiana529 Savings Plan (Read more

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