Steamboat Rock family receives an ISave 529 contribution

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State Treasurer Roby Smith awarded the Miller Family of Steamboat Rock with a 1-thousand dollar ISave 529 contribution from the Iowa State Fair Giveaway.

Kathy Jo Miller’s entry for her 3-year-old grandson, Griffin, was drawn as the winner.

ISave 529 is Iowa’s direct-sold 529 plan, formerly College Savings Iowa, and offers tax-deferred growth and tax-free qualified withdrawals for all account owners.

Additionally, Iowa taxpayers can deduct up to 55-hundred dollars in contributions per beneficiary account from their 2024 state income taxes, and all withdrawals are tax-free.

Money invested in the ISave 529 plan can be used to pay for tuition, room and board, computers, textbooks and more at any eligible education institution in the U-S or abroad.

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