Indiana 529 Plan
Indiana offers one 529 college savings plan, a traditional 529 savings plan called CollegeChoice 529 Investment
Plan. This 529 plan offers good tax incentives to Indiana taxpayers.
CollegeChoice 529 Investment Plan
CollegeChoice 529 Investment Plan is a traditional 529 plan that allows you to invest money today and reap tax
benefits when you withdraw it to pay for qualified education expenses.
Type: Direct and Advisor – this Indiana 529 plan can be purchased directly from the state or
through a financial advisor.
Fund Family: Various
Minimums: To get started you can deposit $25, and the minimum subsequent contribution is
Maximum Contributions: Currently, you can contribute to your Indiana 529 plan until your
aggregate balance is $298,770. Of course, your total amount in the plan can be higher as your investments
group. 529 plans typically increase the contribution limit over time, so you may be able to contribute
Tax Benefits: Good news for Indiana residents - Indiana taxpayers receive a 20% tax
credit on contributions, up to $1,000. Effective January 1, 2010, the state income tax credit doesn't apply
to rollovers from another state's plan or to transfers from the Upromise services into a CollegeChoice 529
account. Residents pay no State of Indiana taxes on earnings. You also get federal income tax benefits
as you do not pay income tax on your earnings. Out-of-state participants still get the federal tax
Residency: Most 529 plans are open to residents of the United States.
You can learn more about the this 529 plan at the official web site.