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Idaho 529 Plans help K-12!

ideal

Great news! In addition to qualified college expenses, families can now use their IDeal – Idaho College Savings Program to save for public, private and religious K-12 school tuition. Please help us spread the word.

If you are unfamiliar with IDeal, it is Idaho’s own 529 plan. IDeal allows families to start saving with as little as $25 and offers professional investment options, tax advantages, including a state tax deduction of up to $6,000 ($12,000 if married, filing jointly) for Idaho taxpayers and more.

Our mission is to help all Idahoan’s save for education in a tax advantaged way. To discuss how we can help educate your families about IDeal, please email our Field Representative, Nick Thiros at nickolas.thiros@idaho529.org or call 208-488-9879.

If you are open to promoting the program, we’ve enclosed a few sample materials. Let us know if you need additional materials. We have many different pieces that can help you in newsletters, emails, social media or in face-to-face meetings.

For more information about IDeal, visit idsaves.org.

Use your IDeal funds for K-12 tuition:

In addition to qualified college expenses, families can now use their IDeal funds to save for public, private and religious K-12 school tuition expenses.

  • Effective as of January 1st, 2018 for both federal and Idaho laws.
  • K-12 withdrawals are limited to tuition expenses up to $10,000 per student, per year from all 529 accounts collectively.
  • Public school tuition for full-day Kindergarten (Tuition-Kindergarten programs) at participating Idaho public schools is also included.
  • Note:  Certain investment options may be less suitable for short-term investment goals. The Age-Based Options are designed to take into account a beneficiary’s age and the number of years before the beneficiary is expected to attend higher education and are not designed for saving for K-12 Expenses. Account Owners should consider their investment time horizon before they select their investment options.




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