Treasurer Fitzgerald Announces College Savings Iowa’s Year-End Giveaway
Des Moines, Iowa – State Treasurer Michael Fitzgerald announces College Savings Iowa is giving away a $5,290 account contribution to spread joy this holiday season. “Parents often exclaim, ‘No more toys, please!’ when it comes to gifts for their children during the holidays,” said Fitzgerald. “Sound familiar? How about a $5,290 contribution to their education savings instead? All you have to do is visit Iowa529Contest.com and enter the children in your life to win.” The giveaway is open to Iowa families with children under 18 and ends December 31, 2022.
College Savings Iowa is currently helping more than 280,000 individuals save for education on behalf of a child. “These numbers demonstrate families are already planning for education expenses,” Fitzgerald said. “Through this giveaway, we can spread the word to Iowans and encourage them to do the same. With the cost of education rising, there’s no better time to start than today.”
College Savings Iowa is the state’s direct-sold 529 plan and helps families save for the rising costs of higher education on a tax-advantaged basis. The funds in an account can be used for tuition, room and board, books, computers, supplies and other qualified education-related expenses. The student you’re saving for can attend any eligible education institution, including two- and four-year colleges, apprenticeship programs and trade schools. Additionally, Iowa taxpayers can deduct up to $3,522 of their contributions from their state income taxes in 2022.