State Treasurer of Iowa

College Savings Iowa

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. This includes colleges, universities, community colleges, trade schools, apprenticeship programs and more. Additionally, up to $10,000 per year per student can be used for K-12 tuition.

For 2024, if an Iowa taxpayer is a College Savings Iowa Participant, they can deduct the first $5,500 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 $22,000 (4 x $5,500) on their 2024 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.

Deduct up to $4,028 per account. A family of four could deduct up to $16,110 in 2024.

Connect with the Plan on social media to stay up to date on current events and Plan updates.

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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

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More Information About College Savings Iowa

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