Schedule IN-529 - education savings plan credit
Indiana allows for a credit against state income tax for contributions made to an Indiana CollegeChoice 529 Education Savings Plan. To calculate Schedule IN-529, Indiana’s CollegeChoice 529 Education Savings Plan Credit, enter the following data in the federal
1099Q
screen, in the Educate
folder:- State postal code =IN
- Amount contributed in the current year
- State use code16
- Account number (All numeric - 11 digits starting with61or62, 10 digits starting with200,201,208,209, or 16 digits starting with200or201.)
The credit calculated by Schedule IN-529 is reported on Schedule 6 or Schedule G.
