Indiana 529 Tax Credit 2024 Deadline. Taxpayers in indiana who contribute to the state's. Indiana taxpayers may receive a state income tax credit equal to 20% of their contributions to a collegechoice 529 account, up to $1,000 per year ($500 if married filing separately).
For example, if kelsey wanted to contribute to. Starting when you pay your taxes in 2024, the tax credit available for collegechoice 529 plans will increase from $1,000 to $1,500.
Indiana Taxpayers Are Eligible For A State Income Tax Credit Of 20% Of Contributions To A Collegechoice Advisor Account, Up To $1,500 Credit Per Year.
Indiana taxpayers who contribute to a collegechoice 529 may receive a state income tax credit equal to 20% of their contributions.
Now, Contributions For The Current Tax Year Can Be Made By The Tax Filing Deadline In April Of The Next Tax Year.
Starting when you pay your taxes in 2024, the tax credit available for collegechoice 529 plans will increase from $1,000 to $1,500.
Indiana Taxpayers May Receive A State Income Tax Credit Equal To 20% Of Their Contributions To A Collegechoice 529 Account, Up To $1,000 Per Year ($500 If Married Filing Separately).
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Unlike Retirement Accounts, The Irs Does Not Impose Annual Contribution.
Starting january 1, 2024, taxpayers with indiana able accounts will be entitled to the credit against an adjusted gross income tax that is equal to the least.
A Number Of Updates To Federal And Indiana State Law Went Into Effect As Of January 1, 2024.
Indiana taxpayers are eligible for a state income tax credit of 20% of contributions to a collegechoice advisor account, up to $1,500 credit per year.
Starting In 2023, You May Contribute Before The Regular Due Date Of Your 2023 Tax Return (April 15, 2024) And Claim The Credit For The Contribution.