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Iowa 529 plans
Iowa residents receive numerous state plan benefits.
Learn about state tax benefits ↓Iowa residents receive numerous state plan benefits.
Learn about state tax benefits ↓Featured 529 plans for Iowa residents:
State tax deduction or credit
Contributions to an Iowa 529 plan of up to $5,800 for 2025 per beneficiary by an individual, and up to $11,600 per beneficiary by married taxpayers filing jointly who each make their own contributions, are deductible in computing Iowa taxable income. The maximum deduction increases each year with inflation. Only contributions made by the account owner are deductible. Iowa residents may elect to treat contributions made through the deadline (excluding extensions) for filing an individual Iowa state income tax return (generally April 30) as having been made in the prior year in order to claim the allowable annual deduction on their Iowa state tax return for the prior year.
Which 529 plans does Iowa offer?
Iowa offers two 529 savings plans available to residents of any state. Direct-sold ISave 529 Iowa is managed by Ascensus and Vanguard, while the advisor-sold IAdvisor 529 Plan is managed by Voya.
Direct sold 529 plans
"Do-it-yourself" type plans in which the saver enrolls and sets up the initial investment. Fortunately most 529 plans make this simple! You'll pay no sales charges beyond fund and administrative fees.
Our rating
4 / 5
Special award
Advisor sold 529 plans
Plans offered by investment professionals. You'll gain the guidance of a financial advisor, but will incur sales charges and/or fees as you invest.
Our rating
4 / 5
Special award
ABLE Plans
529 ABLE accounts let Americans with disabilities save tax-deferred for education and other expenses without impacting eligibility for public benefits.
ABLE Plan
IAble, Iowa's Achieving a Better Life Experience (ABLE) plan, is offered through the National ABLE Alliance. The program is sponsored and administered by the State Treasurer of Iowa. IAble is part of the Iowa Able Savings Plan Trust, which was created under State legislation in 2015. Established as an investing vehicle to allow individuals with disabilities and their support system the opportunity to save and invest money for Qualified Disability Expenses without risking essential federal government benefits, IAble is a qualified ABLE program under Section 529A and any regulations and other guidance issued thereunder.
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