A Milestone Worth Celebrating: Indiana529 Tops $9 Billion

Families are looking forward, planning ahead, and making smart choices to prepare for the future. Indiana529 continues to earn the trust of Hoosiers who are saving more than ever for education and career pathways.

Indiana529 offers flexibility and choice for life after high school. Funds can be used at eligible colleges, universities, trade schools, and qualified apprenticeship programs—both in Indiana and across the country. Accounts grow tax-deferred, and withdrawals are tax-free when used for qualified expenses like tuition, books, equipment, and fees.

Indiana residents may also be eligible for a state income tax credit worth 20% of contributions, up to $1,500 each year ($750 for married couples filing separately). It’s one more way we’re helping families keep more of what they earn while investing in what matters most.

Our Indiana529 team, led by Executive Director Marissa Rowe, continues to focus on making saving simple and accessible—whether that’s a low minimum investment of just $10, a convenient mobile app, or free weekly educational webinars designed to help families get started and stay on track.

If you’d like to learn more, I encourage you to sign up for a Webinar Wednesday at indiana529direct.com or visit myindiana529.com for additional information.

Thank you for trusting our office to be a good steward of your savings and your future. Together, we’re building opportunity—one account at a time.

In Service,

Treasurer Daniel Elliott

For more information about Indiana529, call 1-866-485-9415 or visit MyIndiana529.com to obtain a Disclosure Booklet, which includes investment objectives, risks, charges, expenses, and other important information; read and consider it carefully before investing.

Indiana taxpayers are eligible for a state income tax credit of 20% of contributions to an account, up to $1,500 credit per year ($750 for married couples filing separately). This credit may be subject to recapture from the account owner (not the contributor) in certain circumstances, such as rollovers to another state’s 529 plan, federal nonqualified withdrawals, withdrawals used to pay elementary or secondary school tuition for a school outside of Indiana, education loan repayments, or rollovers to a Roth IRA account, as described in the Disclosure Booklet. The Indiana Department of Revenue has not yet determined whether withdrawals to pay certain credentialing expenses would be subject to recapture.