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Indiana CollegeChoice 529 Savings Plan
$1,000. Why didn't Turbo Tax give us the $1,000.00?
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Indiana CollegeChoice 529 Savings Plan
http://www.savingforcollege.com/529_plan_details/index.php?page=plan_details&plan_id=147
State tax deduction or credit for contributions:
A 20% tax credit on up to $5,000 per year in contributions to an Indiana 529 plan can be claimed against Indiana income tax (maximum yearly credit is $1,000).
20% of $3000 is $600. If you'd contributed $5000 or more, you'd hit the $1000 limit.
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Indiana CollegeChoice 529 Savings Plan
http://www.savingforcollege.com/529_plan_details/index.php?page=plan_details&plan_id=147
State tax deduction or credit for contributions:
A 20% tax credit on up to $5,000 per year in contributions to an Indiana 529 plan can be claimed against Indiana income tax (maximum yearly credit is $1,000).
20% of $3000 is $600. If you'd contributed $5000 or more, you'd hit the $1000 limit.
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