College Savings Iowa

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College Savings Iowa Deduction Increases for 2011

By | January 7th, 2011|Categories: State Taxes|Tags: , , |

The amount of deduction you can take for contributions to a "College Savings Iowa" program has increased by $54 for 2011.  The maximum deduction is now $2,865 per child, up from $2,811 in 2010.  The deduction limit is per parent, per child, so a married couple with two kids could deduct up to $11,460 in 2011 [...]

Iowa Deduction Finder: College Savings Iowa

By | January 3rd, 2011|Categories: State Taxes|Tags: , , , , |

One way to save for your children's or grandchildren's college tuition is through a "529 Plan."  A 529 Plan allows for tax-free earnings on investments, and distributions from the plan are tax-free as long as the distribution is used for college expenses.  As an added bonus, Iowa allows a tax deduction for contributions to an Iowa [...]