May 29 is 529 Day
Education Savings Made Easy with ISave 529
529 Day, nationally recognized each year on May 29, is a day where 529 plans around the country come together to bring awareness about the benefits and tax incentives families receive when saving for future education expenses with a 529 plan.
As a subscriber to ISL Education Lending’s SP3 —Student Planning Pointers for Parents, you probably have a student who is planning their post-secondary education move. ISave 529™ can help you save for those expenses, and when it comes to using those funds, the sky is the limit! Savings can be used to pay for a variety of education-related expenses, such as tuition, room and board, books and supplies. Plus, your student can attend any eligible education institution in the U.S. or abroad, including colleges, universities, trade schools, apprenticeship programs and more.
When you save with ISave 529, there are benefits for you, too! Earnings are federally tax-deferred and Iowa state tax-free. Additionally, Iowa taxpayers can take the state income tax deduction of up to $5,800 in contributions per beneficiary account in 2025.
With great tax incentives and an abundance of eligible uses, it’s easy to understand how over $5.6 billion has been used to pay for educational expenses. Additionally, current savers have more than $6.2 billion in assets waiting to be used for their student’s next adventure! To see everything the plan has to offer, visit ISave529.com or contact us at (888) 672-9116. Happy saving!
Roby Smith
Iowa State Treasurer
For additional details about College Savings Iowa, read the Program Description.
About the Author: Roby Smith is the State Treasurer of Iowa and administrator of the ISave 529. He serves as the State’s banker, coordinates bonding and invests Iowa’s money. Treasurer Smith is also the administrator of Iowa’s unclaimed property and Iowa’s ABLE plan for individuals with disabilities. To learn more about the Treasurer, visit IowaTreasurer.gov.
ISave 529 is a trademark of the Iowa Educational Savings Plan Trust.
Don’t live in Iowa? Check here for a list of states with 529 plans.
Next Steps
Be sure to complete the survey questions at the end of this article to be entered into the 529 deposit giveaway!
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