Treasurer Smith Announces ISave 529 Year-End Giveaway

DES MOINES, IA (11/18/2024) (readMedia)-- State Treasurer Roby Smith is celebrating the holidays with an ISave 529 giveaway. "Visit ISave529.com before December 31 and register to win a $5,290 ISave 529 contribution," Smith said. "It's the perfect gift that can ensure your child's dreams are as unique as they are."

ISave 529 Account Owners in Wayne County have saved more than $1.1 million. "Whether they are saving for a future doctor, teacher or artist, these numbers demonstrate residents in Wayne County are already establishing a solid foundation for a loved one's future education," continued Smith. "Saving and contributing to an ISave 529 account could be one of the most important gifts of all; the gift of education."

ISave 529 provides families a tax-advantaged way to save for education. Iowa taxpayers saving with the Plan can deduct up to $5,500 in contributions per Beneficiary account from their 2024 state income taxes. Additionally, earnings grow federally tax-deferred and qualified withdrawals are tax free. Qualified withdrawals can be used to pay for tuition, room and board, books, computers, supplies and other education-related expenses at any eligible education institution in the U.S. or abroad, including two- and four-year colleges, apprenticeship programs and trade schools. Funds can also be used for K-12 tuition, rolled into a Roth IRA or qualified student loan repayments.

Learn more at ISave529.com. Follow ISave 529 on Facebook, Instagram and X for current events and updates. For additional details about ISave 529, read the Program Description.

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