If you are an Iowa taxpayer, you still have plenty of time to make contributions to your College Savings Iowa account and have them count toward your 2016 taxes. The deadline for your 2016 contributions is May 1, 2017. For 2016, you can claim an Iowa state tax deduction of up to $3,188 per beneficiary account.*
More time to contribute
There’s even more great news about your future tax benefits with College Savings Iowa. For the 2017 tax year, the state tax deduction is increasing to $3,239 in contributions per beneficiary account.
*If withdrawals are not qualified, the deductions must be added back to Iowa taxable income. Adjusted annually for inflation.