Idaho 529 plan

Idaho 529 Plan:

Program match on contributions: None

State tax deduction or credit for contributions: Contributions to the Idaho 529 plan of up to $4,000 per contributor per year are deductible in computing Idaho taxable income. Rollover contributions are not deductible. Contribution deadline is December 31.

State tax recapture provisions:

The entire amount of non-qualified distributions must be included in Idaho taxable income. Outbound rollovers by Idaho taxpayers must be included in Idaho taxable income to the extent of contributions made during the 12 months preceding the date of the rollover, effective January 1, 2008.

Age-based investment options: The Age-Based option is offered in three different risk levels (Aggressive, Moderate, and Conservative) each containing four or five portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the risk level selected and the number of years to expected enrollment, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Static Investment options: Select among five multi-fund portfolios, with varying risk tolerances, and a money-market portfolio.

Single Funds All portfolios have a 0.75% ER.

Expenses: 0.75%, maintenance fee $20 annually unless either the account owner or beneficiary is a resident of Idaho


 * Direct link to 529 plan site
 * Plan document

Links

 * Morningstar Overview
 * State Creditor Protections for 529 Plans