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Indiana Indiana College Credit
Extracted from PDF file 2023-indiana-form-cc-40.pdf, last modified November 2020Indiana College Credit
Indiana College Credit Schedule CC-40 State Form 20152 (R19 / 9-23) 2023 This schedule is used to compute credit for contributions to colleges and universities located in Indiana. This schedule, or a statement showing the same information, must be filed with the contributor’s income tax return. Enclosure Sequence No. 21 Name(s) shown on Form IT-40/IT-40PNR Your Social Security Number Name shown on IT-20/IT-20S/IT-20NP/IT-41 Federal Employer Identification Number PART I Itemized Contributions to Eligible Institutions (See reverse side for list and 4-digit code number) Name of Eligible Indiana College or University Date of Contribution (MM/DD/YYYY) 4-Digit Code Number Amount of Contribution Type of return filed by the contributor. 1. .00 Individual 2. .00 Corporate 3. .00 Fiduciary 4. .00 5. .00 PART II Individual and Fiduciary Computation of Credit Column A Single or Married but Filing Separately Column B Married Filing a Joint Return 1. Enter the total contributions to Indiana colleges and universities listed above ______________________________ 1 .00 1 .00 2. Enter 50% of line 1___________________________________ 2 .00 2 .00 3. Limitation ($100 single return or $200 joint return)__________ 3 100.00 3 200.00 4. Enter the lesser of line 2 or line 3_______________________ 4 .00 4 .00 5. Enter Indiana adjusted gross income tax from line 8 of IT-40 or IT-40PNR, or line 10 of IT-41 ________________________ 5 .00 5 .00 6. Allowable College Credit: Enter amount from line 4 or line 5, whichever is less. Enter here and on IT-40 Schedule 6, line 4; on IT-40PNR Schedule G, line 4; or on IT-41, line 14_______ 6 .00 6 .00 PART III Corporation’s Computation of Credit 1. Enter the total contributions to Indiana colleges and universities (listed above)________________ 1 .00 2. Enter 50% of line 1, or $1,000, whichever is less _______________________________________ 2 .00 3. Enter the adjusted gross income tax from the appropriate line on IT-20, IT-20S, or IT-20NP _____ 3 .00 4. Multiply line 3 by 10% (.10) ________________________________________________________ 4 .00 5. CREDIT: Enter line 2 or line 4, whichever is less. Enter here and on appropriate line of the corporate or nonprofit tax return ____________________________________________________ 5 .00 *24100000000* 24100000000 General Information. Indiana taxpayers are allowed a credit against their Indiana state adjusted gross income tax liability for contributions to eligible colleges and universities or to corporations and foundations organized and operated exclusively for the benefit of any eligible colleges or universities. Note: The payment of tuitions, fees, or room and board are not charitable contributions and do not qualify for this credit. An individual or fiduciary is allowed a credit of 50% of the contribution or $100 (on a single or fiduciary return) or $200 (on a jointly filed return), whichever is less. The corporation’s credit is equal to 50% of the total amount given during the tax year. However, the credit may not exceed the lesser of: a) 10% of the corporation’s adjusted gross income tax liability, or b) $1,000. See Income Tax Information Bulletin #14 at www.in.gov/dor/files/reference/ib14.pdf for more information. Eligible Institutions with Code Numbers Code Indiana # Institution Location Code Indiana # Institution Location 5000 Ancilla College............................................... Donaldson 4905 IvyTech Community College of Indiana Indianapolis and campuses statewide 4800 Anderson University....................................... Anderson 2000 Associated Mennonite Biblical Seminary....... Elkhart 8500 Manchester University.............................. North Manchester 1800 Ball State University Foundation.................... Muncie 4906 Martin University....................................... Indianapolis 1801 Ball State University....................................... Muncie 7100 Bethel College................................................ Mishawaka 8900 Bethany Theological Seminary...................... Richmond 4900 Butler University............................................. Indianapolis 4500 Calumet College of St. Joseph...................... Whiting 4901 Christian Theological Seminary..................... Indianapolis 0200 Concordia Theological Seminary................... Fort Wayne 6700 DePauw University......................................... Greencastle 8901 Earlham College............................................ Richmond 4100 Franklin College of Indiana............................ Franklin 4907 Marian University...................................... Indianapolis 4501 Mid-America Reformed Seminary............. Dyer 2600 Oakland City University............................. Oakland City 7901 Purdue Agricultural Alumni Association..... West Lafayette 7902 Purdue Alumni Association....................... West Lafayette 7904 Purdue Foundation................................... West Lafayette 7905 Purdue Research Foundation................... West Lafayette 7907 Purdue University...................................... West Lafayette and regional campuses 8402 Rose-Hulman Institute of Technology....... Terre Haute 2001 Goshen College............................................. Goshen 4301 Grace College and Seminary......................... Winona Lake 3900 Hanover College............................................ Hanover 7101 Holy Cross College........................................ Notre Dame 3500 Huntington University..................................... Huntington 4902 Independent Colleges of Indiana................... Indianapolis 0201 Indiana Tech................................................... Fort Wayne 8400 Indiana State University................................. Terre Haute 8401 Indiana State University Foundation.............. Terre Haute 0202 Indiana-Purdue Foundation at Fort Wayne.... Fort Wayne 7908 Ross-Ade Foundation............................... West Lafayette 3700 St. Joseph’s College................................. Rensselaer 8403 St. Mary-of-the-Woods College................. Terre Haute 7102 St. Mary’s College..................................... Notre Dame 7400 Saint Meinrad School of Theology............ St. Meinrad 2701 Taylor University........................................ Upland 7600 Trine University......................................... Angola 8200 University of Evansville............................. Evansville 4908 University of Indianapolis.......................... Indianapolis 5300 Indiana University Foundation....................... Bloomington 7103 University of Notre Dame.......................... Notre Dame 5301 Indiana University.......................................... Bloomington and regional campuses 8201 University of S. Indiana Foundation.......... Evansville 5302 Indiana University Alumni Association........... Bloomington 4903 Indiana University - Purdue University........... Indianapolis 0203 Indiana University - Purdue University........... Fort Wayne 2700 Indiana Wesleyan University.......................... Marion 4904 IvyTech Foundation........................................ Indianapolis 0205 University of St. Francis............................ Fort Wayne 8202 University of Southern Indiana.................. Evansville 8203 USI-New Harmony Foundation................. Evansville 6400 Valparaiso University................................. Valparaiso 4200 Vincennes University Foundation.............. Vincennes 4201 Vincennes University................................. Vincennes 5400 Wabash College........................................ Crawfordsville *24100000000* 24100000000
Form CC-40
More about the Indiana Form CC-40 Individual Income Tax Tax Credit TY 2023
We last updated the Indiana College Credit in January 2024, so this is the latest version of Form CC-40, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form CC-40 directly from TaxFormFinder. You can print other Indiana tax forms here.
Other Indiana Individual Income Tax Forms:
TaxFormFinder has an additional 69 Indiana income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form ES-40 | Estimated Tax Payment Voucher |
| IT-40 Form | IT-40 Income Tax Form |
| Form SC-40 | Unified Tax Credit for the Elderly |
| IT-40 Booklet | IT-40 Income Tax Instruction Booklet |
| Schedule 2 | Deductions |
View all 70 Indiana Income Tax Forms
Form Sources:
Indiana usually releases forms for the current tax year between January and April. We last updated Indiana Form CC-40 from the Department of Revenue in January 2024.
Form CC-40 is an Indiana Individual Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Indiana Form CC-40
We have a total of thirteen past-year versions of Form CC-40 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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