TAX ADVANTAGES
Special State Tax Credit
Only available to Indiana529 savers, Indiana taxpayers may be eligible for a state income tax credit equal to 20% of their contributions to an Indiana529 plan account, up to $1,500 per year ($750 for married filing separately).1 Third party contributors like grandparents, godparents, or other family and friends who are also Indiana taxpayers may also be eligible for the tax credit for contributions to your account!
FLEXIBILITY
For whatever path they’re on
Indiana529 savings can be used at any eligible higher education institution in the country or abroad, including 2- and 4-year colleges, graduate schools, vocational/technical schools, and even registered apprenticeships. And it’s not just for tuition! Savings can be used for a variety of qualified education expenses, including tuition, fees, certain room & board costs, computers, and course-related software.
1This credit may be subject to recapture from the account owner (not the contributor) in certain circumstances, such as rollovers to another state's 529 plan, federal nonqualified withdrawals, withdrawals used to pay elementary or secondary school tuition for a school outside of Indiana, education loan repayments, or rollovers to a Roth IRA account, as described in the Disclosure Booklet.
Community
Spread the word
about
education savings.
Throughout your community, the value of education continues to rise. And so does the cost.
Helping families keep higher education within reach is the goal of Indiana529 Direct. Here's how you can join us:
- Talk to friends, family and neighbors about saving for education. The majority of 529 savers report hearing about their state's program from conversations with loved ones.
- Team up with your Institutional Relationship Manager. Ask us to join you at workshops, community fairs, and other events you or your organization is supporting.
- Take advantage of our downloadable Resources. These free materials make discussing Indiana529 Direct even easier.
Events
Request an Indiana529
representative
Want to include education saving in your next information session, fair, conference, or community event? We're happy to help. Our Institutional Relationship Manager is available to attend events and can even help employers set up a 529 payroll direct deposit for employees.
Quarterly Contests
Enter to win the
Indiana529 Quarterly
Contest!
Each quarter we give away one $529 account contribution through a random drawing to a new or existing account owner. Simply fill out the form below for your chance to win.
Limit one entry per person. Please review the contest rules for additional information.
