@questionperson2021
The way Schedule IN-529: Indiana’s CollegeChoice 529 Education Savings Plan Credit form, found at 2021 Individual Income Tax Forms - DOR, is laid out, even if an amount of over $5,000 is entered, the maximum allowable credit amount would be $1,000, $500 if married filing separately.
That’s because the allowable credit rate is 20% of the contribution amount, up to a maximum of $1,000 (or $500).
