529 Year-End Planning

Do your children or grandchildren need financial help for college expenses? Would you like to help them?

1. A 20% tax credit up to $5,000 per year in contributions can be claimed against Indiana income tax ($1,000 max yearly credit).

2. For your contribution to be eligible for 2017 state tax credit, the funds must be received by the program manager, no later than December 31, 2017.

3. The account must remain open for at least one year to avoid recapture of tax credit on distributions used to pay qualified education expenses.

4. Anyone who is a U.S. citizen and resident aliens at least 18 years old, emancipated minors, UGMA/UTMA custodians, and legal entities may be a participant/owner of a college savings plan.

5. If it’s time for you to consider a 529 college savings plan, call your advisor for complete details.


Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, or legal advice. The information presented here is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.
These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.
Securities and investment advice offered through Investment Planners, Inc. (Member FINRA/SIPC) and IPI Wealth Management, Inc., 226 W. Eldorado Street, Decatur, IL 62522. 217-425-6340.

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