Indiana enacts state tax credit for 529 contributions

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.
Return to 529 News center