“IDeal” is a state sponsored, tax advantage savings plan that helps families pay for the cost of college. With the rising costs
of college, developing a savings plan is the first and most important step in helping families finance a college education.
Idaho taxpayers who open an account before December 31st may qualify for a state tax deduction of up to $4,000 per single tax payer,
and up to $8,000 for married tax payers filing jointly on their annual tax returns.
The money saved through this program grows tax
free at the state and federal levels, and qualified withdrawals for college expenses are tax free at the federal level.
Your Guide to Paying for College Brochure
Visit the IDeal - Idaho College Savings Program web site for more information.
Visit the College Savings Plans Network web site for related information.