Iowa 529 Deduction For 2025 Tax Return. Iowa 529 Beyond the Basics of Iowa's College Savings Plan Arnold Mote Wealth Management Some plans, including ISave 529, offer additional benefits for its state residents. DES MOINES - State Treasurer Roby Smith announces Iowa taxpayers can deduct up to $5,800 in contributions per ISave 529 Beneficiary account from their income taxes in 2025."With ISave 529, saving for education goes hand-in-hand with saving on taxes," said Smith
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State Treasurer Roby Smith announces Iowa taxpayers can deduct up to $5,800 in contributions per ISave 529 Beneficiary account from their income taxes in 2025 Check My Refund; Learn About Property Tax; Make a Payment; Report Fraud & Identity Theft; File a W-2 or 1099;
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account could deduct up to $23,200 (4 x $5,800) in 2025 Contributions of up to $5,800 per beneficiary per Iowa taxpayer who is a participant are deductible from Iowa taxable income in 2025 (adjusted annually for inflation) 3.For example, married Iowa participants who contribute to accounts on behalf of their two children can deduct up to $ 23,200 (4 x $5,800).Please note that for 2024 tax purposes, the deduction limit was $5,500. Check My Refund; Learn About Property Tax; Make a Payment; Report Fraud & Identity Theft; File a W-2 or 1099;
Iowa Standard Deduction 2025 Jayme Melisse. The 2018 Iowa Tax Reform Bill includes an updated federal conformity provision beginning with tax year 2018, which allows the same deductions for certain withdrawals from a ISave 529 (formerly College Savings Iowa) and IAdvisor 529 Plan Accounts (529 Plans) and certain. For example, married Account Owners who contribute to separate accounts on behalf of their two children can deduct up to $23,200 (4 x $5,800) on their 2025.
529 Tax Benefits How Does Your State Stack Up? Morningstar. Since the deduction applies to each Beneficiary account you own and contribute to, you can maximize the amount you can deduct by having accounts for multiple beneficiaries One of the most appealing features of saving with a 529 plan are the federal tax benefits