Indiana Twenty-First Century Scholars Program Credit (OBSOLETE)
Form TCSP-40 is obsolete, and is no longer supported by the Indiana Department of Revenue.
Extracted from PDF file 2019-indiana-form-tcsp-40.pdf, last modified October 2012
Twenty-First Century Scholars Program Credit (OBSOLETE)Schedule Twenty-First Century Scholars Program Credit State Form 47335 (R9 / 9-16) This schedule is for computing credit for contributions to the Twenty-First Century Scholars Program and must be enclosed with the contributor’s income tax return. TCSP-40 2016 Name(s) shown on Form IT-40/IT-40PNR Your Social Security Number Name shown on IT-20 Federal ID Number Indicate the type of return filed by the contributor. Individual Enclosure Sequence No. 19 Corporate PART I 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 the Twenty-First Century Scholars Program ___________________________________ 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________________________________________ 5 .00 5 .00 6. Allowable Credit: Enter line 4 or 5, whichever is less. Enter here and on IT-40 Schedule 6, under line 6; on IT-40PNR Schedule G, under line 6______________________________ 6 .00 6 .00 PART II Corporation’s Computation of Credit 1. Enter the total contributions to the Twenty-First Century Scholars Program____________________ 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 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 tax return _______________________________________________________________ 5 .00 Important: You are required to retain the receipts given by the Twenty-First Century Scholars Program indicating that a contribution has been made. These receipts should be maintained for a period of three years after the due date of the annual tax return where the credit was taken or three years after the date that return was filed, whichever is later. General Information Indiana taxpayers are allowed a credit against their Indiana state adjusted gross income tax liability for contributions to the Twenty-First Century Scholars Program. Detailed information about the scholarship program, registration, and administration may be obtained by calling the Twenty-First Century Scholars Program at (888) 528-4719. *24100000000* 24100000000
More about the Indiana Form TCSP-40 Individual Income Tax Tax Credit
We last updated the Twenty-First Century Scholars Program Credit (OBSOLETE) in March 2021, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Indiana Department of Revenue. You can print other Indiana tax forms here.
Other Indiana Individual Income Tax Forms:
|Form Code||Form Name|
|Form SC-40||Unified Tax Credit for the Elderly|
|IT-40 Booklet||IT-40 Income Tax Instruction Booklet|
|Schedule 5||Credits & Donations|
|IT-40 Form||IT-40 Income Tax Form|
Indiana usually releases forms for the current tax year between January and April. We last updated Indiana Form TCSP-40 from the Department of Revenue in March 2021.
Form TCSP-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 TCSP-40
We have a total of nine past-year versions of Form TCSP-40 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
While we do our best to keep our list of Indiana Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.