Article: 50393

Overview

Use this screen to claim various Indiana state tax credits for taxes paid to other jurisdictions or for qualifying activities under Indiana’s economic development credit programs.

These credits reduce the taxpayer’s Indiana state tax liability and must be supported by documentation if claimed.

Credit Codes

Common entries for “Other Credit Code” dropdowns include, but are not limited to:

• 808 – Community Revitalization Enhancement District Credit
• 812 – Historic Rehabilitation Credit
• 828 – Enterprise Zone Credit
• 832 – Industrial Recovery Credit
• 848 – Economic Development for a Growing Economy (EDGE) Credit
• 857 – School Scholarship Credit
• 868 – Teacher Summer Employment Credit
• 870 – Research Expense Credit
• 876 – Venture Capital Investment Credit
• 879 – Headquarters Relocation Credit
• 885 – Redevelopment Tax Credit
• 890 – Airport Development Zone Credit
• 895 – Hoosier Business Investment Tax Credit
• 896 – New Employer Credit
• 898 – Prison Investment Credit
• 899 – Natural Gas Commercial Vehicle Credit
• 955 – Historic Preservation Residential Credit
• 960 – College Choice 529 Credit (also appears on its own screen)
• 970 – Certified Technology Park Investment Credit
• 975 – Teacher Quality Improvement Credit
• 980 – Earn Indiana Internship Program Credit
• 995 – Biodiesel or Ethanol Production Credit
  (Refer to the Indiana IT-40 Booklet for full credit descriptions and eligibility requirements.)

Override Fields

Fields highlighted in green are override fields. These entries replace any data flowing from other parts of the return and must be entered manually.

How to Add This Screen

1. Click on the State Taxes section on the left-hand side of the screen.
2. Click the link “I’d like to see the forms I’ve filled out or search for a form.”
3. Use the drop list to select Indiana.
4. Under the Credits tab, select IN – Schedule 6 / Schedule G – Offset Credits.
5. Complete the screen.
6. Click Save.

Further Information

For more information about Indiana’s available credits, visit the Indiana Department of Revenue’s individual tax information page:
https://www.in.gov/dor/i-am-a/individual/