Get In Form 54242 2013-2025

Filling out the IN Form 54242 online is an important step for claiming credits for donations made to qualifying scholarship-granting organizations. This guide provides a step-by-step approach to ensure users can complete the form accurately and efficiently.

Follow the steps to complete your form online.

1. Press the ‘Get Form’ button to obtain the form and open it in your online editor.
2. In Part I, enter the name(s) shown on your Form IT-40 or IT-40PNR and your Social Security Number. Fill in your name as it appears on other relevant forms such as IT-20, IT-20NP, IT-20S, IT-65, FIT-20, or IT-41.
3. Next, list the name of the Scholarship Granting Organization (SGO) along with its Certification Number. Provide the amount of your contribution next to each certification number listed. Ensure that you have documented every donation accurately.
4. At the bottom of Part I, calculate your total credit for 2013 by adding all contributions made in that year and multiplying the result by 50% (0.50). Enter this total in the designated field.
5. Move to Part II and enter the total amount of credits carried forward from previous tax years in the first field. This amount should be taken from your worksheet.
6. Then, input the total amount of credits earned in the tax year 2013, which you've calculated from the Total line in Part I.
7. Complete the third field by entering the total amount of credits you are claiming this year. Reference the instructions to ensure this amount is applied correctly to the appropriate lines based on your tax form (e.g., IT-40, IT-40PNR, IT-41, etc.).
8. Once you have filled out all sections, check for accuracy and completeness. Save your changes and proceed to download, print, or share your completed form as needed.

Complete your IN Form 54242 online today to claim your scholarship credits!