529 PLANS

529 News

Indiana enacts state tax credit for 529 contributions

(March 23, 2006) - Indiana has enacted legislation (HB 1029) providing a 20% state income tax credit on up to $5,000 in annual contributions to Indiana's CollegeChoice 529 Investment Plan, beginning in 2007. The maximum annual credit is $1,000 per taxpayer and there is no carryover. The taxpayer must be an individual or a married couple.

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