Iowa 529 Deduction For 2024

Iowa 529 Deduction For 2024. If a participant (saver) is an iowa taxpayer, they can deduct up to $5,500 in contributions per beneficiary account from their state income taxes in 2024. As a participant, you will pick investments, choose a beneficiary and determine how, and when, the money is used.


Iowa 529 Deduction For 2024

In addition to the new tax deduction amount, iowa’s 529 account owners now will be able to transfer up to a lifetime limit of $35,000 to a roth ira in the. Iowa taxpayers can deduct up to $4,028 per beneficiary account from their state income taxes in 2024.

Iowa 529 Deduction For 2024 Images References :