As families across the country approach the end of summer and prepare for the upcoming school year, State Treasurer Roby Smith is reminding individuals there’s no better time than now to invest in a child’s future. This July, ISave 529 is encouraging families to take advantage of the many benefits of a 529 plan when saving for tomorrow’s education expenses.

“As education costs rise, starting early is key,” said Treasurer Smith. “ISave 529 offers a simple and effective way for families to save for college, trade school, apprenticeships and so much more. Money saved through ISave 529 grows tax-free when used for qualified expenses, so it’s a great tool for families as they look to invest in their future.”

In addition to the benefit of saving for future educational expenses, Iowa taxpayers can deduct up to $5,800 in contributions per beneficiary account from their state income taxes in 2025. An ISave 529 account can be opened with as little as $25, and anyone – parents, grandparents, even friends – can contribute. The plan offers a variety of investment options and is easy to manage through the online portal at ISave529.com or on your mobile device.

To learn how you can open an ISave 529 account, visit ISave529.com. For more information about the plan, read the Program Description.

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