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atomr_2000
Returning Member

ABLE accounts administered by Investment company follow up questions

Just to clarify, the only ABLE accounts entitled to the Indiana tax credit are through inVESTable. Other ABLE accounts not through the state program are ineligible. Is this correct?

 

Also, on Turbo tax, the number requested has to start with 91 and be eleven numbers long. Can you please clarify? 91 was not listed in your response.

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1 Reply
CatinaT1
Employee Tax Expert

ABLE accounts administered by Investment company follow up questions

Yes, it is correct. In Indiana, the state tax credit for ABLE accounts is specifically for contributions to the Indiana ABLE program, known as INvestABLE Indiana. Other ABLE accounts, even if set up in Indiana, are not eligible for the same tax credit.

 

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