Money put into College Savings Iowa is tax deductible on the Iowa tax return, up to $3,163 per person on 2015 tax returns. For parents putting money into the plan for their kids, the limit is $3,163 x 2, or $6,326.
For more information about the program, visit the College Savings Iowa website.
[…] Dinesen, Glossary: College Savings Iowa. “It’s a type of529 Plan, where money going into the plan is not tax deductible (for […]