IDeal - Idaho's 529 College Savings Program

IDeal - Idaho College Savings Program is Idaho's state-sponsored 529 program.  Its mission is to help families save for education costs in a tax advantaged way.

Tax benefits

• Tax-deferred earnings and tax-free withdrawals for qualified expenses
• Special deduction for Idaho taxpayers of up to $6,000 ($12,000 married, filing jointly) per year from adjusted gross income for tax periods beginning January 1, 2017.  
• Estate planning advantages: reduce your personal taxable estate by making five years' worth of gifts (up to $75,000; $150,000 married, filing jointly) in one lump sum³

Uses

Qualified withdrawals from a 529 account can be used toward the following qualified education expenses:

K-12 public, private and religious schools:

• tuition only, up to $10,000 per year, per student from all accounts combined.

Postsecondary:

• tuition
• certain room and board costs (on or off campus)
• mandatory fees
• books and supplies
• computer software and internet access
• registered apprenticeship programs

Student loan repayment:

• up to a lifetime total of $10,000 per beneficiary

Funds in a 529 account can be used at any eligible education institution anywhere in the country, not just in Idaho, including:

• K-12 (tuition only)
• 2- or 4-year colleges or universities
• vocational/technical schools
• career retraining schools
• dual credit courses
• graduate schools

Easy to get started

It only takes $25 and 15 minutes or less to open an account.

Please see the Disclosure Statement for important information.