Thursday 26th December 2024

State Treasurer Michael Fitzgerald rang in the near year by awarding 99 Iowa families a $529 College Savings Iowa contribution as part of the year end giveaway.

Three-year-old Declan Kunz was randomly selected as the award recipient for Marshall County.

One family in every Iowa county received a contribution to their College Savings Iowa account during the plan’s year end giveaway, which was celebrated in November and December.

College Savings Iowa is a 529 plan designed to help family and friends save for future education expenses at any eligible education institution including two and four year universities, community colleges, trade schools, and vocational programs. The plan has several tax benefits, including a $3,522 state tax deduction per beneficiary account for Iowa taxpayers in 2022.

With over $6.3 billion in assets across more than 280,000 accounts, the plan continues to help Iowans save for future education expenses. To learn more about College Savings Iowa, you can visit their website at collegesavingsiowa.com.