Indiana 529 Plan Calculator
2026Indiana 529 plans in 2026: 20% tax credit, worth up to $1,500, per return; only the IN plan qualifies. Project your college savings growth.
By Konstantin Iakovlev · Updated October 19, 2026 · Methodology
Total College Cost
$176,766.87
With 4% inflation
Projected Savings
$58,861.83
Funding
33%
Funding Gap
$117,905.04
Monthly Needed to Fully Fund
$750.77
529 Plan Projection
| Years Until College | 13 years |
| Total College Cost (with inflation) | $176,766.87 |
| Current Balance | $0.00 |
| Total Contributions | $39,000.00 |
| Investment Growth | + $19,861.83 |
| Projected Savings at College | $58,861.83 |
| Funding Gap | $117,905.04 |
| Monthly Contribution Needed | $750.77 |
Disclaimer: This calculator is for informational purposes only and does not constitute tax, financial, or legal advice. Results are estimates based on the information you provide and current rates. Always consult a qualified tax professional or financial advisor for advice specific to your situation.
Indiana 529 State Tax Benefit (2026)
20% tax credit, worth up to $1,500, per return. Only contributions to Indiana529 Savings Plan (formerly CollegeChoice 529) count; money put into another state’s plan earns no Indiana deduction or credit.
Any contributor can claim the credit ($750 if married filing separately). It is nonrefundable, with no carryback or carryforward. Contributions made by the April filing deadline can be claimed for the prior year. Nonqualified withdrawals are recaptured; K-12 tuition up to $20,000 a year is qualified, but other K-12 expenses are not.
Indiana Tax & Education Facts (2026)
| State Income Tax | 2.95% (flat) |
| 529 State Tax Benefit | 20% tax credit, worth up to $1,500, per return |
| Plans That Qualify | Only Indiana529 Savings Plan (formerly CollegeChoice 529) |
| State Plan | Indiana529 Savings Plan (formerly CollegeChoice 529) |
| State Sales Tax | 7.00% |
| Avg. Property Tax Rate | 0.76% |
Official Sources: