Des Moines, Iowa – State Treasurer Michael Fitzgerald is helping families start their path to saving for higher education while still on the go this fall. “Between watching football, carving pumpkins and going to apple orchards, many families are staying busy before hunkering down for the winter,” said Fitzgerald. “Now with the READYSAVE 529 app, families can open a College Savings Iowa account and begin contributing to an education fund for their children without slowing their pace. Saving just got a whole lot easier!”
The READYSAVE 529 app 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 for it, which is why it shouldn’t be a hassle,” continued Fitzgerald. “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 app, saving continues to be simple and convenient!”
Administered by Fitzgerald, College Savings Iowa is the State’s direct-sold 529 plan. For over 20 years, the Plan has helped families save for higher education on a tax-advantaged 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 saving with the Plan.
Funds saved in a College Savings Iowa account can be used on qualified education expenses, such as tuition, room and board, textbooks, computers, supplies and more. Beneficiaries can attend any eligible education institution around the globe, including traditional four-year universities and trade schools.
Download READYSAVE 529 on the Apple and Google Play app stores. Read the Program Description at CollegeSavingsIowa.com for details about the Plan. Stay up-to-date by following College Savings Iowa on Facebook and Twitter.
