How can I participate in the Iowa Educational Savings Plan Trust?

Article ID: 59590  

Question
How can I participate in the Iowa Educational Savings Plan Trust?

Answer

Iowa taxpayers have until the Iowa individual income tax return deadline for a given year to contribute to their College Savings Iowa accounts for that year. The deadline is generally April 30. Contributions to College Savings Iowa or the IAdvisor 529 Plan that were previously deducted for Iowa income tax purposes must be included as Iowa income when distributed, unless they are used to pay for qualified education expenses.


Article Details
Views: 1740 Created on: Jun 15, 2013