Iowa 529 Tax Deduction Calculator
2026 rulesEnter your contribution to see how much Iowa lets you deduct and what it saves you this year.
Your numbers
Result
Iowa tax saved
- Total contributed$5,000
- Deductible this year$5,000
- Iowa tax saved this year$190
- Saved per $1,000 deducted$38.00
The $6,100 cap applies per account owner for each beneficiary. Contributions made by April 30 can count for the prior year.
Iowa at a glance
- Benefit
- Iowa lets you deduct up to $6,100 per beneficiary of contributions to College Savings Iowa or Iowa Advisor 529 each year.
- Plans that count
- College Savings Iowa or Iowa Advisor 529.
- Good to know
- The $6,100 cap applies per account owner for each beneficiary. Contributions made by April 30 can count for the prior year.
Questions
Is there a Iowa tax deduction for 529 contributions in 2026?
Iowa lets you deduct up to $6,100 per beneficiary of contributions to College Savings Iowa or Iowa Advisor 529 each year.
What can 529 money pay for without tax?
College tuition, fees, books, and room and board for students enrolled at least half time; up to $20,000 a year of K-12 tuition and expenses from 2026; apprenticeship costs; and up to $10,000 of student loan payments over a lifetime. States can treat some of these differently.
What happens to the Iowa deduction if I withdraw for something else?
A nonqualified withdrawal is taxed on its earnings, plus a 10% federal penalty, and Iowa can add back the deductions you took on the money you withdraw.