529 contributions in Iowa
Varies
Are 529 Contributions Tax Deductible in Iowa?
Short answer: Yes on your Iowa return: $6,100 per beneficiary per account owner (spouses each, up to $12,200 joint). Only contributions to the state's own plan count. Cap indexed annually; only account owners deduct; contributions by the April 30 filing deadline can count for prior year.
There's no federal deduction for 529 contributions; growth is tax-free when used for qualified education costs.
Records to keep: Keep receipts, statements, and a note of what each cost was for. Compare itemizing to the 2026 standard deduction ($16,100 single / $32,200 joint) before you claim.
529 contributions in Iowa
Varies
Individuals / Personal Taxes
Yes on your Iowa return: $6,100 per beneficiary per account owner (spouses each, up to $12,200 joint). Only contributions to the state's own plan count. Cap indexed annually; only account owners deduct; contributions by the April 30 filing deadline can count for prior year.
Business justification
Yes on your Iowa return: $6,100 per beneficiary per account owner (spouses each, up to $12,200 joint). Only contributions to the state's own plan count. Cap indexed annually; only account owners deduct; contributions by the April 30 filing deadline can count for prior year. There's no federal deduction for 529 contributions; growth is tax-free when used for qualified education costs.
Category
- Personal Tax Deductions