Reminder from your team at Financial Plans & Strategies
Indiana 529 - 2024 Tax Credit Deadline (formerly known as College Choice):
Indiana taxpayers who invest in the Indiana 529 Direct Savings Plan now have until April 15, 2025 to make their contributions for the 2024 tax year.
*While this deadline extension may have given you more time to make these contributions, it may be in your best interest to contribute earlier in the calendar year so that these funds have more time to grow tax free in the 529 savings plan.
How to make your contribution:
Contact our office:
- If you have FPS named as an authorized agent on your IN 529 account please call, text or email our team. 317-882-7675 or fps@finplans.com
- Please be mindful of processing times if you need to add or link a new bank. These processes often require signed paper forms and we don’t want to miss the deadline due to mailing and processing times. For these purposes we recommend calling by April 1, 2025 at the latest.
Making contributions by check:
- Send your check payable to Indiana 529
Standard Mailing Address:
Indiana 529 Direct Savings Plan
PO BOX 219418
Kansas City MO 64121
Overnight Delivery:
Indiana 529 Direct Savings Plan
1001 E 101st Terrace, Suite 200
Kansas City MO 64131
We strongly urge you to mail your contribution by April 1, 2025 to avoid complications with mail time and processing:
To contribute online:
Go to: https://www.indiana529direct.com/(you can click on that hyper link to take you to the website)
Login into your account. If you have never logged in, you simply sign up for online access by clicking Login then Sign up for online access
Once logged in you can:
- Make a contribution from your bank account already linked.
- Link a new bank account.
- Replace existing bank account linked
- Request a distribution
- Change your address or contact information
- Download statements for your taxes
To contribute by phone:
You may call Indiana 529 Direct to make the contribution at 1-866-485-9415.
You will need to have your account number at hand.
We suggest doing so no later than April 7, 2025 (or sooner) to avoid complications with processing.
For those who would like to establish a NEW Indiana 529 Direct Savings Plan
- Go to: https://www.indiana529direct.com/
- Click: Enroll Now and follow the steps to open the account and link your bank to make the contribution
!!! Note: if you would like our office to be named as an authorized agent on the account and receive statements; please notify our office once you have opened the account.
**If you would like our assistance in helping to establish a new account, please contact us no later than March 10, 2025.
Other Information:
- The maximum Indiana state tax credit is 20% per household. On a $7,500 investment, this results in a $1,500 tax credit on your Indiana state return. There are no contribution limits for the 529 plan.
Please call the office with any questions.
Respectfully,
Your Team at Financial Plans & Strategies, Inc
“The greatest thief this world has ever produced is procrastination, and he is still at large.”
― Henry Wheeler Shaw