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THEY’RE BACK IN SCHOOL…

October 11, 2002

So they might stay with it and get to college. If you are considering using a Sec. 529 plan, the Iowa plan has special tax advantages to Iowa residents. Individuals can deduct contributions to College Savings Iowa on their Iowa tax returns, up to $2,180 per child per year. To learn more, go to www.collegesavingsiowa.com. Earnings are tax-free if used to pay for college education. Start budgeting now; contributions must be made by December 31 to be deductible on 2002 returns.

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