College Savings Iowa is a 529 plan that lets parents, grandparents, friends and relatives invest for education expenses on behalf of a future scholar. With funds and earnings from a College Savings Iowa account, families can pay for qualified expenses like tuition, room, board, books, supplies and more at any eligible education institution around the country. The education institution does not have to be in Iowa and includes colleges, universities, community colleges, trade schools, apprenticeship programs and more.
For 2023, if an Iowa taxpayer is a College Savings Iowa Participant, they can deduct the first $3,785 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 $15,140 (4 x $3,785) on their 2023 Iowa taxes. The deductible amount is adjusted annually for inflation.
Visit the Plan's website for more information and to open an account. Read the Program Description (PDF) for additional details about the Plan.
Connect with the Plan on social media to stay up to date on current events and Plan updates.
READYSAVE 529
The READYSAVE 529 App provides a way for new Participants to create a College Savings Iowa account. Additionally, all Participants can see their account balance, transaction history and investment allocations; make a one-time contribution or set up recurring transactions; share individual gifting codes to encourage family and friends to contribute; and see how their savings compare to other Participants.
For more information regarding the READYSAVE 529 app, read through the Plan's Frequently Asked Questions (PDF).
Download the app
App Store and Google Play
More Information About College Savings Iowa
- Speaker Request Form: Request a speaker for your event.
- Interactive Map: See how Iowans are saving throughout the state.
- College Savings Iowa Fact Sheet (PDF): View total assets, total accounts, amount that's been withdrawn to pay for education and more.
