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This version of the form is not currently in use and is provided for reference only. Download this version of
State Form 20152 Schedule CC-40
for the current year.
State Form 20152 Schedule CC-40 Indiana College Credit - Indiana
What Is State Form 20152 Schedule CC-40?
This is a legal form that was released by the Indiana Department of Revenue - a government authority operating within Indiana. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Schedule CC-40?
A: Schedule CC-40 is a form used in the state of Indiana to claim the Indiana College Credit.
Q: What is the Indiana College Credit?
A: The Indiana College Credit is a tax credit available to residents of Indiana who have incurred qualified higher education expenses.
Q: Who can claim the Indiana College Credit?
A: Residents of Indiana who have incurred qualified higher education expenses can claim the Indiana College Credit.
Q: What are qualified higher education expenses?
A: Qualified higher education expenses include tuition, books, and fees paid to an eligible educational institution.
Q: How much is the Indiana College Credit?
A: The Indiana College Credit is equal to 50% of the qualified higher education expenses, up to a maximum credit of $2,500 per year.
Q: How do I claim the Indiana College Credit?
A: To claim the Indiana College Credit, you must complete Schedule CC-40 and include it with your Indiana state income tax return.
Q: Is the Indiana College Credit refundable?
A: No, the Indiana College Credit is non-refundable. It can only be used to offset your state income tax liability.
Q: Are there any income limits to claim the Indiana College Credit?
A: Yes, there are income limits to claim the Indiana College Credit. The credit is gradually phased out for higher income individuals.
Q: When is the deadline to file Schedule CC-40?
A: Schedule CC-40 must be filed with your Indiana state income tax return by the due date, which is typically April 15th.
Form Details:
- Released on September 1, 2021;
- The latest edition provided by the Indiana Department of Revenue;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of State Form 20152 Schedule CC-40 by clicking the link below or browse more documents and templates provided by the Indiana Department of Revenue.
Download State Form 20152 Schedule CC-40 Indiana College Credit - Indiana
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