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awaders
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Trying to get the Indiana 529 credit. turbotax states "status is married filing separately, not eligible for this credit." Indiana DOR disagrees. A bug in turbotax?

 
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4 Replies
JohnW15
Intuit Alumni

Trying to get the Indiana 529 credit. turbotax states "status is married filing separately, not eligible for this credit." Indiana DOR disagrees. A bug in turbotax?

It looks like TurboTax programming correctly reflects the current law.

According to the instructions for Schedule IN-529: Indiana’s College Choice 529 Education Savings Plan Credit, "This credit … is available to an individual filing a single return or to a married couple filing a joint return."

The document is only available in pdf, so I can't post a direct link here, but you can access it from 2018 INDIVIDUAL INCOME TAX FORMS; open the "IN-529" link to find the form and its instructions.


Trying to get the Indiana 529 credit. turbotax states "status is married filing separately, not eligible for this credit." Indiana DOR disagrees. A bug in turbotax?

I encountered the same issue.  Wife and I file MFS due to her income-based repayment on student loans.  It was nice to double-dip on the 529 credit because the 529 credit was per taxpayer.  Now, when they changed the law in 2018 to allow 529 to be used for K-12 they also eliminated the credit entirely for people who file MFS.

Here is a bulletin from the Indiana DoR.

https://www.in.gov/dor/reference/files/ib98.pdf

JohnW15
Intuit Alumni

Trying to get the Indiana 529 credit. turbotax states "status is married filing separately, not eligible for this credit." Indiana DOR disagrees. A bug in turbotax?

Thank you for that comment, Slowrider!
tdeal1867
New Member

Trying to get the Indiana 529 credit. turbotax states "status is married filing separately, not eligible for this credit." Indiana DOR disagrees. A bug in turbotax?

Bummer!   It would be nice to know IND rationale for excluding MFS filers from receiving this credit.  If it was a concern with 'double dipping' on the credit (married filing separately could claim 2x?) I would think they (INDIANA) could limit to only one credit due per related contribution.

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