Thanks to a recent amendment to Iowa state income tax law, Iowa taxpayers can now contribute to their College Savings Iowa accounts until May 2, 2016, and elect to treat the contributions as a tax deduction on their 2015 Iowa state tax returns (up to the $3,163 maximum per beneficiary account). Take advantage of this great opportunity to save more for college and save more on taxes.*
Deadline Extended for 529 Plan Contributions
Note: Effective for tax years beginning on or after January 1, 2015, Iowa taxpayers may now elect to treat contributions to their College Savings Iowa
accounts made up through the deadline (excluding extensions) for filing an individual Iowa state income tax return (generally April 30).