Indiana's Economic Development for a Growing Economy Credit (EDGE Credit) is taken on Line 7 of Indiana Schedule 5/Schedule F.
You would receive a credit agreement letter along with your Indiana K-1 from the preparer of your business return.
To enter the credit in the TaxACT program:
- From within your TaxACT return (Online or Desktop) click on the State Q&A tab and then click Indiana right below the blue tabs at the top of the screen
- Click Credits & Payments to expand the category and then click Economic Development Credit
- The program will proceed with the interview questions for you to enter or review the appropriate information
Click on the link for the Indiana IT-40 Booklet at the Indiana webpage for individual taxpayers
to view the following information on page 40: Line 7 – Economic development for a growing economy credit
If you have business income (including partnership or S corporation income) you may be eligible for this credit. This credit is available to businesses who conduct certain activities that are designed to foster job creation or job retention in Indiana.
This credit is available to pass-through entities, such as members of partnerships and S corporations.
Contact the Indiana Economic Development Corporation (IEDC), One North Capitol, Suite 700, Indianapolis, IN, 46204, for eligibility requirements, or visit the Indiana website
for additional information.
Note: The approved credit agreement letter from the IEDC must be maintained with your records.