Indiana 529 Limit 2025. College choice 529 forms Fill out & sign online DocHub Indiana Deadline: April 15, 2025 IN 529 plan tax deduction: In 2024, contributions to an Indiana 529 plan can earn a 20% tax credit on up to $7,500 in contributions per year for a maximum yearly credit of $1,500 Because contributions to a 529 plan are considered gifts, individuals can contribute up to $19,000 per year to a beneficiary's 529 account without filing a gift tax return
Indiana 529 Contribution Limits 2024 Faythe Cosette from tybieqcoralyn.pages.dev
Here are the aggregate 529 plan contribution limits for each state, listed alphabetically: The Indiana 529 plan is called Indiana529 and offers amazing tax deductions that can help you save for college
The Indiana 529 plan is called Indiana529 and offers amazing tax deductions that can help you save for college The option is to make a larger 529 plan contribution without affecting your lifetime gift tax exclusion Indiana's 529 Plan, known as the CollegeChoice 529 Direct Savings Plan, is accessible to both residents and non-residents
Indiana's CollegeChoice 529 Education Savings Plan Credit. Income Tax Information Bulletin #98 Subject: Indiana 529 Savings Plan Credit Publication Date: August 2024 Effective Date: Upon Publication References: IC 6-3-3-12; IC 21-9; IRC § 529 You must file a gift tax return if your gift exceeds this limit
College choice 529 forms Fill out & sign online DocHub. The maximum annual credit for a married filing separate taxpayer is $750 Indiana's 529 Plan, known as the CollegeChoice 529 Direct Savings Plan, is accessible to both residents and non-residents