Treasurer Smith Reminds Iowans of 529 Day Giveaways

DES MOINES – State Treasurer Roby Smith is reminding Iowans to register for the 529 Day giveaways before May 31. “As part of my 529 Day celebration, I’m giving five families a $529 College Savings Iowa contribution to start or expand on the education savings of a child in their life,” said Smith. “Three families have already won through the weekly giveaways, but there are still more chances to win. Enter today!” A new giveaway starts each Thursday in May. To register, visit Iowa529Contest.com.

Celebrated nationally on May 29, 529 Day informs families about the benefits of using a 529 plan to save for education. “Starting with a plan to make regular contributions to your children’s education savings can go a long way towards their success,” said Smith. “According to the Center of Social Development, children with a dedicated education savings are three times more likely to enroll in college and more than four and a half times more likely to graduate. The College Savings Iowa 529 plan can help you get them there.”    

College Savings Iowa allows anyone to save for education on behalf of a future scholar. Qualified withdrawals can be used to pay for tuition, room and board, books and supplies at any eligible education institution in the U.S. and abroad. There are also federal and state tax advantages. Specifically for Participants who are Iowa taxpayers, up to $3,785 per beneficiary account can be deducted from state income taxes in 2023.

To learn more about the Plan, visit CollegeSavingsIowa.com or call (888) 672-9116. Connect with College Savings Iowa on Facebook and Twitter to stay informed on current events and updates. For additional details about the Plan, read the Program Description.

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