Get Schedule In-529

Filling out Schedule IN-529 is an important step for those claiming tax credits for contributions made to Indiana's 529 Education Savings Plan. This comprehensive guide provides clear, step-by-step instructions to help users navigate the online form with ease.

Follow the steps to successfully complete Schedule IN-529.

1. Click ‘Get Form’ button to access the Schedule IN-529 form and open it in the editor.
2. In the first section, enter the names shown on Form IT-40 or Form IT-40PNR, along with your Social Security Number.
3. Indicate your contributions by checking the box in Column A if you or your spouse do not own the account to which contributions were made.
4. In Column B, provide the account numbers for each qualified account related to your contributions.
5. For Column C, input the total amounts contributed this year that are designated for higher education expenses in the appropriate lines.
6. For Column D, enter the contributions made this year which are used for K-12 education expenses.
7. Complete lines 10 and 11 by adding the contributions from Columns C and D respectively.
8. Calculate line 12 by adding lines 10 and 11 together.
9. Multiply the total from line 12 by 0.20 to fill in line 13.
10. On line 14, enter the lesser of the amount from line 13, $1500, or $750 if married filing separately.
11. On line 15, input the amount recorded on line 8 of Form IT-40 or Form IT-40PNR.
12. Finally, on line 16, enter the lesser of line 14 or line 15, and also note this amount on the corresponding schedule.
13. Once all fields are completed, save your changes, download or print the form, or share it as necessary.

Complete your Schedule IN-529 online today for a smooth filing experience.