Des Moines, Iowa — State Treasurer Michael Fitzgerald is helping families start saving for higher education while moving this fall. “Between watching football, carving pumpkins and going to apple orchards, many families are keeping busy before settling in for the winter,” Fitzgerald said. “Now, with the READYSAVE 529 app, families can sign up for a College Savings Iowa account and start contributing to an education fund for their children without slowing down. Saving just got a whole lot easier!”
The READYSAVE App 529 allows new savers to enroll entirely from their mobile device. Existing College Savings Iowa participants can also benefit from the app by using it to make contributions, review investments, and check transaction history. “Education matters. So does saving, which is why it shouldn’t be a problem,” Fitzgerald continued. “My goal for College Savings Iowa has always been to provide an affordable and easy way to prepare for the costs of education With the mobile application, saving is simple and convenient!
Administered by Fitzgerald, College Savings Iowa is the 529 plan sold directly by the state. For more than 20 years, the plan has helped families save for higher education on a tax-efficient basis, with one of the biggest benefits being the state tax deduction for Iowa taxpayers. Up to $3,522 per beneficiary account can be deducted from 2022 Iowa income taxes for those who save with the plan.
Funds saved in a College Savings Iowa account can be used for eligible educational expenses, such as tuition, room and board, textbooks, computers, supplies, and more. Beneficiaries can attend any eligible educational institution in the world, including traditional four-year universities and trade schools.
Download READYSAVE 529 from the Apple and google play app stores. Read the program description at CollegeSavingsIowa.com for more details on the Plan. Stay up to date by following College Savings Iowa on Facebook and Twitter.