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Schedule CC-40 Indiana Department of Revenue Enclosure
State Form 20152 Sequence No. 21
(R20 / 9-24) Indiana College Credit 2024
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.
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 1 – Itemized Contributions to Eligible Institutions (See reverse side for list and 4-digit code number.)
Date of Type of Return
Name of Eligible Indiana College or 4-Digit Code Contribution Amount of Filed by the
University Number (MM/DD/YYYY) Contribution Contributor
1. 00 Individual
2. 00 Corporate
3. 00 Fiduciary
4. 00
5. 00
Column A Column B
PART 2 – Individual and Fiduciary Computation of Credit Single or Married Married Filing
but Filing Separately 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 3 – 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
