Are there any special tax benefits for Indiana taxpayers?
Yes. If you are an Indiana taxpayer (resident or non-resident, married, or individual), you are eligible for a state income tax credit of 20% of contributions to a CollegeChoice 529 account, up to $1,000 credit per year. This credit may be subject to recapture from the account owner (not the contributor) in certain circumstances, such as rollover to another state’s 529 plan or non-qualified withdrawal. For more information on the tax credit, see Frequently Asked Questions on the Indiana Education Savings Authority website. (Note: You will be leaving this website.
