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:
Per Indiana Instructions for Form IT-40, on page 43:
Lines 7 and 8:
Economic Development for a Growing Economy Credit (EDGE);
Economic Development for a Growing Economy Retention Credit (EDGE-R)
If you have business income (including partnership or S corporation income) you may be eligible for one or both of these credits. These credits are available to businesses who conduct certain activities that are designed to foster job creation and/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 Economic Development Corporation website for additional information.
Note. The approved credit agreement letter from the IEDC must be maintained with your records.
Note that any link in the information above is updated each year automatically and will take you to the most recent version of the document at the time it is accessed.