Citizens and resident aliens with a valid Social Security or other taxpayer identification number. We think it makes that program a whole lot better Fitzgerald. College Savings Plan Iowa 529 Ranks High Among Nation Iowa residents may enjoy a state tax deduction for contributions to the plan. Iowa college savings fund . College Savings Iowa 529 Plan. Before the April 30 2020 deadline taxpayers can still make contributions to a 529 that could be included on their 2019 returns. You can start investing in either one with a 25 deposit and contribute up to 420000 a maximum limit thats relatively high compared to plans nationwide. College Savings Iowa is the State of Iowas direct-sold 529 program administered by State Treasurer Michael Fitzgerald. It is important to note that your child does not have to go to a IA college or university in order to use this savings account. The plan offers four different age-based tracks that also take into consideration investors desired risk lev