Indiana 529 Tax Deduction Calculator
2026 rulesEnter your contribution to see how much Indiana lets you deduct and what it saves you this year.
Your numbers
Result
Indiana tax saved
- Total contributed$1,500
- Credit rate20%
- Indiana credit$300
The credit is 20% of contributions, up to $1,500 ($750 married filing separately). Contributions made by the filing deadline can count for the prior year.
Indiana at a glance
- Benefit
- Indiana gives a credit of 20% of contributions to Indiana529 Savings Plan, up to $1,500 a year.
- Plans that count
- Indiana529 Savings Plan.
- Good to know
- The credit is 20% of contributions, up to $1,500 ($750 married filing separately). Contributions made by the filing deadline can count for the prior year.
Questions
Is there a Indiana tax deduction for 529 contributions in 2026?
Indiana gives a credit of 20% of contributions to Indiana529 Savings Plan, up to $1,500 a year.
What can 529 money pay for without tax?
College tuition, fees, books, and room and board for students enrolled at least half time; up to $20,000 a year of K-12 tuition and expenses from 2026; apprenticeship costs; and up to $10,000 of student loan payments over a lifetime. States can treat some of these differently.
What happens to the Indiana deduction if I withdraw for something else?
A nonqualified withdrawal is taxed on its earnings, plus a 10% federal penalty, and Indiana can add back the deductions you took on the money you withdraw.