State Treasurer of Iowa

State Treasurer of Iowa News: 2014 2nd Quarter

State Treasurer Michael L. Fitzgerald is advocating Iowans to take advantage of the benefits of College Savings Iowa to save for future education expenses. “Children with a dedicated college savings account in their name are six times more likely to continue their education,” said Fitzgerald. “As a way to encourage families to take the first step towards saving, College Savings Iowa is giving away a $1,000 account this summer.” Visit  to enter into the giveaway and see the official rules.
College Savings Iowa offers families a tax advantaged way to save money for their children’s higher education. It only takes $25 to open an account, and anyone, grandparents, parents, friends and relatives, can invest on behalf of a child. Iowa taxpayers have the additional benefit of being able to deduct contributions up to $3,098 per beneficiary account from their 2014 Iowa adjusted gross income. In addition, contributions grow free of state and federal income taxes while invested and remain tax-free when used to pay for qualified higher education expenses at any eligible college, university, community college or accredited technical training school in the United States or abroad.*
To learn more about College Savings Iowa please visit or call 1-888-672-9116. You can also like College Savings Iowa on Facebook and follow the plan on Twitter  (@Iowa529Plan) to stay up to date on future events and giveaway opportunities.
* Adjusted annually for inflation. If withdrawals are not qualified, the deductions must be added back to Iowa taxable income. The earnings portion of nonqualified withdrawals may be subject to federal income tax and a 10% federal penalty tax, as well as state and local income taxes. The availability of tax or other benefits may be contingent on meeting other requirements.
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State Treasurer Michael L. Fitzgerald has wrapped up his spring publication. But it is never too late to check for your name. “Simply go to to start your search. I encourage everyone to take a few minutes and look for their name,” Fitzgerald said. Thousands of individual names with...
State Treasurer Michael L. Fitzgerald wants to encourage everyone to visit Great Iowa Treasure Hunt and College Savings Iowa at the Iowa State Fair this year. A stop at the Great Iowa Treasure Hunt booth might be worthwhile, as fair goers could find their names among the hundreds of thousands...
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