State Treasurer of Iowa

529 Education Savings Plans

IAdvisor 529 and College Savings Iowa 529Since 1998, State Treasurer Michael Fitzgerald has been helping Iowans save for higher education and earn tax breaks at the same time. College Savings Iowa was created in 1998 as Iowa's first 529 plan. It is sold directly to Iowans and people across the country. In 2006, Iowa introduced the IAdvisor 529 Plan. This plan is sold through financial planners. While each plan differs in the investment choices and the method of distribution, both plans share the same goal - get people saving for education.

For 2021, if an Iowa taxpayer is a College Savings Iowa or IAdvisor 529 Plan account owner, they can deduct the first $3,474 they contribute per beneficiary account from their state taxable income.* For example, married participants who contribute to separate accounts on behalf of their two children can deduct up to $13,896 (4 x $3,474) on their 2021 Iowa taxes. 

 

Deduct up to $3,474 per account. A family of four could deduct up to $13,896 in 2021.

*Adjusted annually for inflation. If withdrawals are not qualified, the deductions must be added back to Iowa taxable income.

Updates for Iowa's 529 Plans

Learn More About Saving for Education

Iowa's 529 Plans

College Savings Iowa      IAdvisor 529 Plan

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