Iowa 529 Tax Deduction 2024. If you are an account owner and also an iowa taxpayer, you can deduct up to $5,500 of your contributions per beneficiary account, including. 1 additionally, if you are an iowa taxpayer, all withdrawals are free.

The law bumps up that tax deduction amount to $5,500 in 2024 for contributions to 529 plans through college savings iowa and the iadvisor 529 plan, as. In a news release wednesday, may 8, iowa treasurer roby smith said the recent legislation increases the tax deduction amount up to $5,500 for contributions to.