This May, you can celebrate 529 Day with College Savings Iowa. May 29 is 529 Day, the national celebration of college savings plans around the country to showcase the importance of saving for our children’s future. My office is celebrating 529 Day by giving away a $529 College Savings Iowa account! The giveaway is open May 1 through May 31, and any Iowa family with a child or grandchild under the age of 18 is eligible to register. You can visit Iowa529Contest.com to watch our short video and sign up for the giveaway before the deadline.
Current account holders are our biggest advocates, and I’m always grateful for their kind words and their generous boost to our program. If you’re already enrolled in the plan, take this month to celebrate your savings and think about putting in an extra contribution to your accounts. If you’re not a part of the program yet, odds are you know someone who is saving through the program. Take some time to talk to your family and friends about saving for education and learn more about College Savings Iowa. If you want to learn more about College Savings Iowa, you can visit our website at CollegeSavingsIowa.com or call our education specialists at 888-672-9116.
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 – parents, grandparents, friends and relatives – can invest in College Savings Iowa on behalf of a child. Iowa taxpayers have the additional benefit of being able to deduct contributions up to $3,387 per beneficiary account from their 2019 Iowa income taxes.*
*Adjusted annually for inflation. If withdrawals are not qualified, the deductions must be added back to Iowa taxable income. The availability of tax or other benefits may be contingent on meeting other requirements.