October 14, 2016
BOISE — IDeal, Idaho’s 529 college savings program, is celebrating its 15-year anniversary.
Created by the Idaho legislature and launched in 2001, the state-sponsored program has helped more than 37,500 families, the program announced Tuesday.
In total, there’s 1,842 accounts held in south-central Idaho. Here’s the breakdown by county: 718 in Twin Falls County, 117 in Jerome County, 15 in Lincoln County, 664 in Blaine County, six in Camas County, 169 in Cassia County, 81 in Gooding County and 72 in Minidoka County.
IDeal also offers a state tax deduction ($4,000 for single filers and $8,000 for married filers), and earnings are not subject to state or federal tax if used on qualified expenses.
Story Excerpt: The National Association of State Treasurers recently outlined some legislative priorities that would broaden ABLE accounts’ reach..