What contributions qualify for the Idaho College Savings Program?

You may contribute up to $4,000 ($8,000 if Married Filing Jointly) per year to a qualified Idaho college savings program and deduct the contribution. The account must be established with Upromise Investments, Inc. The account owner and beneficiary will be designated at the time the account is established. The account owner will have the right to make withdrawals for payment of higher education expenses for the beneficiary. The person that withdraws the funds must report the withdrawal amounts as income in accordance with Internal Revenue Code Section 529.

Additional information can be obtained on the Idaho College Savings Program website or by calling (866) 433-2533.

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