Am I eligible for Indiana’s CollegeChoice 529 Investment Plan tax Credit?
A. You may be eligible for a 20% state tax credit, up to a maximum of $1,000, for contributions to Indiana’s CollegeChoice 529 Investment Plan. While there are many 529 college savings plans available both in Indiana and nation-wide, only contributions made to this specific CollegeChoice 529 Investment Plan are eligible for this credit. Please note that, effective January 1, 2010, the Indiana state income tax credit will no longer apply to rollovers from another state’s qualified tuition program or to transfers from the Upromise service into a CollegeChoice 529 account.
Related Questions
- I am a member of the basic plan and have not paid into the Michigan Investment Program (MIP) plan. Am I eligible to retire based upon my years of service and age totaling at least 80?
- Do I need to work in FRS covered employment to be eligible for benefits under the Investment Plan?
- Is investment from China eligible for the tax credit?
