College Savings Iowa was created in 1998 as Iowa's first 529 plan. It is sold directly to Iowans and people across the country. The IAdvisor 529 Plan was introduced in 2006, and is sold through financial planners. While each plan differs in the investment choices and the method of distribution, both share the same goal - get people saving for education.
For 2022, if an Iowa taxpayer is a College Savings Iowa or IAdvisor 529 Plan account owner, they can deduct the first $3,522 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 $14,088 (4 x $3,522) on their 2022 Iowa taxes.
*Adjusted annually for inflation. If withdrawals are not qualified, the deductions must be added back to Iowa taxable income.
Iowa's 529 Plans
Learn More About Saving for Education
- Speaker Request Form: Request a speaker for your event.
- Iowa 529 Plans Fact Sheet (PDF): Check out the stats, tax benefits and more for Iowa’s 529 plan accounts.
- K-12 Fact Sheet for Iowans (PDF): Learn about using Iowa’s 529 plans in regards to K-12 tuition.
- SECURE Act Fact Sheet (PDF): Legislation changes in regards to apprenticeship expenses and loan repayments.