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You may be eligible for a 20% state tax credit, up to a maximum of $1,500 ($750 for Married Filing Separately) for contributions to Indiana’s CollegeChoice 529 Savings Plan. While there are many 529 college savings plans available both in Indiana and nation-wide, only contributions made to this specific CollegeChoice 529 Savings Plans are eligible for this credit.
If you contributed for your grand-children, you can take the tax credit. The parents can take the credit for contributions that they make to this Plan for their children.
Please read this Indiana Revenue document for more information.
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