Indiana 529 Contribution Limits 2024 Married. In turn, making large contributions all at once could lead to tax penalties. Indiana taxpayers are eligible for a state income tax credit of 20% of contributions to an indiana529 advisor account, up to $1,500 per year.
Unlike retirement accounts, the irs does not impose annual. Currently, the credit is equal to 20% of the amount contributed during the year, up to a maximum of $1,000 for single taxpayers and those married filing jointly.