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04    Schedule IN-ABLE                       Indiana Department of Revenue                                                                                 Enclosure 
05    Form IT-40/IT-40PNR                    Indiana’s ABLE 529A                                                                                   Sequence No. 11
      State Form 57379                                                                                                                         2024
06    (9-24)                                 Savings Plan Credit
07
08 Name(s) shown on Form IT-40/Form IT-40PNR                                                 Your Social Security Number
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10 XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                           999                                               99  9999
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12 Enter information about contributions made by you and/or your spouse to Indiana’s ABLE 529A Savings Plan(s) during 2024.
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15 Column A            Column B  Column C    Column D                                                                                              Column E
16 Place “X” in box                                                                                                                            ABLE Contributions. 
                       Year of   Tax Year 
17 if you or your                                                                                                                              Enter the amount contributed  
                    Contribution Claimed     Enter Account Number
18 spouse do not                                                                                                                               this year to the Indiana  
                       (YYYY)    (YYYY)
19 own the account.                                                                                                                            ABLE Savings Plan.
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21 1. X                9999      9999        9999999999999999999999999                                                                         99999999999999900
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23 2. X                9999      9999        9999999999999999999999999                                                                         99999999999999900
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25 3. X                9999      9999        9999999999999999999999999                                                                         99999999999999900
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27 4. X                9999      9999        9999999999999999999999999                                                                         99999999999999900
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29 5. X                9999      9999        9999999999999999999999999                                                                         99999999999999900
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31 6. X                9999      9999        9999999999999999999999999                                                                         99999999999999900
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33 7. X                9999      9999        9999999999999999999999999                                                                         99999999999999900
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35 8. X                9999      9999        9999999999999999999999999                                                                         99999999999999900
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37 9. X                9999      9999        9999999999999999999999999                                                                         99999999999999900
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39 10. Add lines 1E through 9E ...........................................................................................................     99999999999999900
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41 11. Multiply line 10 by .20 ............................................................................................................... 99999999999999900
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43 12. Enter the lesser of the amount on line 11, or 500 .....................................................................                 99999999999999900
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45 13. Enter the amount from Form IT-40 or Form IT-40PNR, line 8 ..................................................                            99999999999999900
46 14. Allowable credit. Enter the lesser of line 12 or line 13. Also enter under line 6 of Schedule 6 
47    (if filing Form IT-40), or under line 6 of Schedule G (if filing Form IT-40PNR) ...... Total Credit                                      99999999999999900
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                                    Instructions for Schedule IN-ABLE

You may be eligible for a credit if you and/or your spouse made a      Column E
contribution to Indiana’s ABLE 529A Savings Plan Account. This         Enter the amount of contributions you and/or your spouse 
plan is governed by the Indiana ABLE Authority. To determine if        made to the Indiana ABLE 529A account and for which you 
your contribution is to a plan that is eligible for this credit, visit are claiming a credit. This amount includes contributions made 
their website at www.in.gov/tos/able. Include information for each     during the 2024 calendar year and contributions made between 
Indiana ABLE account to which you made a contribution. Each            January 1, 2025, and April 15, 2025, for which you and/or your 
account should be listed on a separate line.                           spouse have elected to claim the credit for the 2024 taxable 
                                                                       year. If you and/or your spouse made contributions to multiple 
Column A                                                               accounts, list the contributions for each account separately on 
Mark the box with an “X” for each account that you or your spouse      the line for that account. In addition, if you and/or your spouse 
did not own. If you or your spouse own the account, do not mark        made multiple eligible contributions to an account, list the total 
an “X” in the box.                                                     of the contributions to that account in Column E. If you made 
                                                                       contributions to an account in both 2024 and 2025, list the 
Column B                                                               contributions made during each year on separate lines.
Enter the calendar year in which you made the contribution. If 
you enter “2025”, the contribution is required to be made between      Note. If you are making a 2025 contribution for purposes of 
January 1, 2025, and April 15, 2025, inclusive. In addition, the       claiming a 2024 credit, list only the portion of the contribution that 
contribution is required to be made on or before the date on which     you are using for the 2024 credit.
you filed your return.
                                                                       The following amounts deposited into an Indiana ABLE 529A 
An election to claim a 2025 contribution for the 2024 taxable year     account are not eligible for this credit:
must be made by:                                                       • Money credited to an ABLE account as a result of bonus 
• April 15, 2025, if you filed your original return on or before         points or other forms of consideration earned by the taxpayer 
  April 15, 2025.                                                        that result in a transfer of money to the ABLE account.
• The due date of your return, if you have an extension.               • Money transferred from any qualified ABLE program under 
                                                                         IRC section 529A or from any other similar plan.
An election cannot be made on a late-filed return or amended           • Money transferred from any qualified tuition program under 
return filed after the due date.                                         IRC section 529 or from any other similar plan. 
Note. If you claim a credit for a 2025 contribution as a credit on 
                                                                       Line 14
your 2024 tax return, the election is irrevocable. In addition, if 
                                                                       Enter the lesser of line 12 or line 13. Also enter this amount on 
you do not claim a 2025 contribution as a credit on your 2024 
                                                                       line 6 of Schedule 6 of Form IT-40 or line 6 of Schedule G of Form 
tax return, you will be considered to have made an irrevocable 
                                                                       IT-40PNR. However, if you have other Schedule 6 or Schedule G 
election to not claim the credit on your 2024 tax return. A 
                                                                       state income tax credits allowable only in the current taxable year, 
contribution made in 2025 can be claimed on both the 2024 
                                                                       you may be required to report a lower amount because those tax 
and 2025 tax return. However, the portion of the contribution 
                                                                       credits cannot exceed your Indiana state income liability. See also 
designated for 2024 cannot also be claimed in 2025.
                                                                       instructions for Schedule IN-OCC, Part 2, for reporting this credit.
Column C
Enter the taxable year for which you will claim the credit. Listing a 
year later than 2024 may result in denial of the credit for the 2024 
taxable year.

Column D
Enter the account number(s) for the Indiana ABLE 529A 
account(s) for which you or your spouse made the contribution. If 
you and/or your spouse made multiple contributions to the same 
account during the same year, list the account once for that year. 
If you and/or your spouse made contributions during both 2024 
and 2025 for purposes of the 2024 credit, enter the account and 
contributions for each year on separate lines.

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