Schedule IN-529 - education savings plan credit: 1040 Indiana (IN)

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Indiana allows 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 current year
  • State use code 16
  • Account number (All numeric - 11 digits starting with 61 or 62, 10 digits starting with 200, 201, 208, 209, or 16 digits starting with 200 or 201.)

The credit calculated by Schedule IN-529 is reported on Schedule 6 or Schedule G.

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