The Idaho College Savings Program (IDEAL), offered through the State of Idaho, provides families with an affordable way to save for college. Boise State employees will need to open an IDEAL account or update their existing account by Dec. 19, 2018, to submit contributions for the 2018 tax year.
All changes will take effect on the following pay cycle. Some key benefits of the IDEAL program are: the ability to use funds towards eligible schools nationwide and state tax-deferred earnings. Savings can be used towards tuition, books, fees and to some extent some room and board.
In addition, friends and family are able to contribute to IDEAL accounts through their new program Ugift.
For more more information about the 529 account and state tax deductions, visit: https://www.idsaves.org/
Phvntom, Inc. is a digital marketing company located in Boise, Idaho that creates websites, apps, and full-scale promotions/campaigns for other businesses. The views and opinions expressed in this article are strictly those of its authors and were not written by Phvntom. This article was originally published by Boise State.