Iowa 529 Deduction Limit 2024 Income . Governor reynolds has signed a bill into law that raises the maximum tax deduction for contributing to a “college savings iowa” account to $5200. While most states’ tax deduction rules allow families to subtract 529 contributions from their gross income, the rules vary from state to state.
1 additionally, if you are an iowa taxpayer, all withdrawals are free. Contributions are deductible in computing state taxable income.
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