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Category: Indiana

Twenty-First Century Scholars Program Credit


A credit is allowed for contributions made to the Twenty-First Century Scholars Program Support Fund. The credit is equal to 50 percent of the contributions made during the tax year up to a maximum limit of $100 for a single return and $200 for a joint return.

To claim this credit, you must complete and enclose Schedule TCSP-40. Get a Schedule TCSP-40 at www.in.gov/dor/5506.htm.

 

 

For additional information about this credit, please see Income Tax Information Bulletin #14.

 

IMPORTANT: You must maintain documentation of your contributions. The Department can require you to provide this information at a later date.

 

Note: Tuition paid to a college or university is not a contributions, and does not qualify for this credit.