General Treasury

Treasurer Smith Announces Historic Updates for Iowa’s 529 Plans

May 8, 2024

DES MOINES, Iowa – State Treasurer Roby Smith is thrilled to announce historic updates across Iowa’s 529 plans. Recent state legislation has increased the tax deduction amount up to $5,500 for contributions to Iowa’s two 529 plans, College Savings Iowa and the IAdvisor 529 Plan, and IAble, Iowa’s Achieving a...

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For more information about IAble, obtain a Plan Disclosure Booklet online or by calling (888) 609-8910. Investment objectives, risks, charges, expenses, eligibility and other important information are included in the Plan Disclosure Booklet; read and consider it carefully before investing.

If you are not an Iowa taxpayer, consider before investing whether your home state offers a qualified ABLE program that provides its taxpayers with favorable state tax and other benefits that are only available through investment in the home state's qualified ABLE program.

The Treasurer of the State of Iowa acts as trustee of the ABLE Savings Plan Trust, which is administered by the Iowa State Treasurer’s Office. IAble is a qualified ABLE plan offered as part of the National ABLE Alliance. Ascensus College Savings Recordkeeping Services, LLC as the Program Manager, and its affiliates, have overall responsibility for the day-to-day operations, including investment advisory, recordkeeping, and administrative services. IAble offers a series of Investment Options within the National ABLE Alliance. Investment returns are not guaranteed, and you could lose money by investing in IAble.

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