Idaho 529 plan archive
|This page has been superseded by 529 plans by state. The information shown here is for historical purposes only and may be inaccurate.|
The Idaho 529 plan archive page provides information on direct-sold 529 plans and highlights indexed portfolios. All information is derived from Savingforcollege.com and from 529 plan sites and disclosure documents. If you would like to compare this plan with other direct sold plans, use these Compare by Plan Name and Compare by Feature tools.
- Open to Residents
- Open to non-residents
|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 year of the rollover and the prior tax year.|
|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.|
|Expenses:||0.75%, maintenance fee $20 annually unless either the account owner or beneficiary is a resident of Idaho|
|Policy Regarding Ownership Changes:||Accepts requests to transfer account ownership.|
|Policy Regarding Beneficiary Changes:||Accepts requests to change designated beneficiary.|
|Policy Regarding Rollovers:||Accepts incoming direct and indirect rollovers.
Allows outgoing rollovers, subject to the recapture of Idaho income tax deductions in the current and prior tax year.
The age-based plan utilizes the portfolios listed below. The portfolios have the same allocations as the namesake multi-fund portfolios.
The Idaho 529 savings plan offers the following static multi-fund and standalone portfolios.
|Aggressive Growth Portfolio||Growth Portfolio||Moderate Growth Portfolio||Conservative Growth Portfolio||Income Portfolio|