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State Tax Benefits

Indiana residents are eligible for a state income tax credit of 20% of contributions to a CollegeChoice 529 account, up to $1,000 credit per year.*

Federal Tax Benefits

For Indiana residents and non-Indiana residents, earnings and distributions used to pay qualified higher education expenses are tax-free.**

^{*This credit may be subject to recapture from the account owner (not the contributor) in certain circumstances, such as a rollover to another state’s qualified tuition program or a non-qualified withdrawal. The credit does not apply to rollovers from another state’s qualified tuition program.}

^{**Earnings on nonqualified withdrawals are subject to federal income tax and may be subject to a 10% federal penalty tax, as well as state and local income taxes and early withdrawal penalties. The availability of tax or other benefits may be contingent on meeting other requirements.}

CollegeChoice CD Enrollment Kit Request

CollegeChoice CD Enrollment Kit