Where do I claim 529 deduction for IN state?

[LindaYu]

Hi,

I have the Home & Business desktop version of TurboTax and would appreciate your guidance on where to enter 529 plan contributions for the state of Indiana. 

Thank you!

[MindyB · Accepted solution]

Indiana offers a tax credit for 529 contributions (rather than a deduction like some other states). There is a specific place to enter this in step-by-step. Here is how you can enter your Indiana 529 contributions in TurboTax Desktop:

1. Navigate to the Indiana section of TurboTax (State Taxes > Indiana)
2. Continue until you arrive at the screen Take a look at Indian credits and taxes
3. Under the heading Education, choose Start or Revisit Indiana 529 Education Savings Plan Credit
4. Enter the information from the 529 contribution

Here is some more information on deducting 529 contributions: 529 Plans and Taxes: Deductions, Tax-Free Withdrawals & More