Iowa 529 Plan Limit 2025 College. Iowa 529 Investment Options The best way to compound your college savings For 2025, if an Iowa taxpayer is an ISave 529 or IAdvisor 529 Plan Account Owner, they can deduct the first $5,800 they contribute per Beneficiary account from their state taxable income Can I move money from another 529 plan to ISave 529? Yes
Iowa 529 Plan Rules And College Savings Options from thecollegeinvestor.com
Recent state legislation has increased the tax deduction amount up to $5,500 for contributions to Iowa's two 529 plans, College Savings Iowa and the IAdvisor 529 Plan, and IAble, Iowa's Achieving a Better Life Experience (ABLE) plan. For 2025, if an Iowa taxpayer is an ISave 529 Account Owner, they can deduct the first $5,800 they contribute per Beneficiary account from their state taxable income
Iowa 529 Plan Rules And College Savings Options
If you have 10 minutes and $25, you can get started on your education savings journey! For example, married Account Owners who contribute to separate accounts on behalf of their two children can deduct up to $23,200 (4 x $5,800) on their 2025. The 2018 Iowa Tax Reform Bill includes an updated federal conformity provision beginning with tax year 2018, which allows the same deductions for certain withdrawals from a ISave 529 (formerly College Savings Iowa) and IAdvisor 529 Plan Accounts (529 Plans) and certain rollovers at the state level that are allowed at the federal level
Iowa 529 Plan Rules And College Savings Options. Recent state legislation has increased the tax deduction amount up to $5,500 for contributions to Iowa's two 529 plans, College Savings Iowa and the IAdvisor 529 Plan, and IAble, Iowa's Achieving a Better Life Experience (ABLE) plan. Your current 529 plan custodian transfers money directly to ISave 529
529 Plan Contribution Limits For 2025. State Treasurer Roby Smith announces Iowa taxpayers can deduct up to $5,800 in contributions per ISave 529 Beneficiary account from their income taxes in 2025 For 2025, if an Iowa taxpayer is an ISave 529 or IAdvisor 529 Plan Account Owner, they can deduct the first $5,800 they contribute per Beneficiary account from their state taxable income