DES MOINES – State Treasurer Roby Smith is celebrating the holidays with an ISave 529 giveaway.

“Visit ISave529.com before December 31 and register to win a $5,290 ISave 529 contribution,” Smith said. “It’s the perfect gift that can ensure your child’s dreams are as unique as they are. … Saving and contributing to an ISave 529 account could be one of the most important gifts of all; the gift of education.”

ISave 529 provides families a tax-advantaged way to save for education. Iowa taxpayers saving with the Plan can deduct up to $5,500 in contributions per Beneficiary account from their 2024 state income taxes. Additionally, earnings grow federally tax-deferred and qualified withdrawals are tax free. Qualified withdrawals can be used to pay for tuition, room and board, books, computers, supplies and other education-related expenses at any eligible education institution in the U.S. or abroad, including two- and four-year colleges, apprenticeship programs and trade schools. Funds can also be used for K-12 tuition, rolled into a Roth IRA or qualified student loan repayments.

Learn more at ISave529.com.