Save for college in 2016
You still have time to open a new account or add to an existing account. Do it before December 31st to qualify for Indiana’s generous tax benefit. Indiana taxpayers are eligible for a state income tax credit of 20% of contributions to a CollegeChoice Advisor account, up to $1,000 credit per year.1 Contributions must be initiated or postmarked by December 31, 2016 to qualify for the credit in the spring.
Contact your financial advisor to open a CollegeChoice Advisor account or log in to contribute now.
1This 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. Please note that, effective January 1, 2010, the Indiana state income tax credit will no longer apply to rollovers from another state's qualified tuition program or to transfers from the Upromise service into a CollegeChoice Advisor account. All other contributions will continue to be eligible for the tax credit to the extent previously allowable.