Indiana 529 College Direct Savings Plan
Save for college for yourself, a child or other relative, or a friend. While this deduction is post-tax, the significant tax benefit is a 20% tax credit up to $1000 when you file your taxes.
Payroll Deduction Option
Any permanent employee can have money deducted from each paycheck to contribute to your 529 CollegeChoice 529 Direct Savings Plan (minimum is $10/pay).
Simply set up your account, complete the "Payroll Deduction" section, and submit to Heather Downin at the BCSC Administration Building. Instructions are at this link. Changes can be made to your 529 deduction each quarter (Jan. 1, Apr. 1, Jul. 1, and Oct. 1). Forms must be turned in at least one week prior to the end of the quarter.
If you already have a 529 account, simply login to your account and navigate to the "Go to payroll deduction" section (it is under "Manage Recurring Contributions"). Enter the amount you want to deduct each pay. The website will generate the Payroll Deduction Form. Print, sign , and send the form to Heather Downin at th Admin Building. This does not change any contributions you are already making from your bank account. You will need to make those changes in your account, as well.