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January 19, 2024
Question

How do I claim a credit for the Indiana ABLE account contributions?

  • January 19, 2024
  • 1 reply
  • 0 views
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1 reply

Hal_Al
Employee
January 19, 2024

That doesn't start until next year (2024 tax filing). "Beginning taxable year 2024, a state tax credit of 20% worth up to $500 will be available to any Indiana taxpayer who contributes into an Indiana ABLE account."

 

Reference:

https://www.ablenrc.org/state-review/indiana/