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Resources for
 Financial Professionals

Saving for education should be part of a family’s overall financial plan. Many investors rely on financial professionals to provide expertise and guidance when making these important decisions. IDeal — Idaho’s 529 plan can provide your clients with valuable benefits.

Our IDeal Benefits

  • Idaho taxpayers can deduct up to $6,000 from their state taxable income each year, or up to $12,000 if married and filing jointly. As Idaho’s official 529 plan, IDeal is the only plan that provides access to this valuable state tax benefit.
  • The state income tax deduction is available to any Idaho taxpayer contributing to an IDeal account, not just the account owner.
  • Tax-free withdrawals for qualified expenses 1
  • Tax-deferred earnings 2
  • Flexibility to contribute $19,000 (single) / $38,000 (married, filing jointly) in a single year without incurring a gift tax
  • Estate planning benefits by making up to five years’ worth of gifts ($95,000 if single / $190,000 if married, filing jointly) to an IDeal account in one year without incurring gift taxes 3
  • 20% employer tax credit (up to $500 per employee, per year) for contributions made to an employee’s IDeal account. 4
  • There are multiple investment options to choose from, including Target Enrollment Portfolio Options, Fixed Asset Allocation Portfolios, and the Savings Portfolio. IDeal investment portfolios (except for the Savings Portfolio) are managed by The Vanguard Group. The Savings Portfolio is managed by Sallie Mae Bank.
More Benefits
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Advisor working on a laptop

Helping your clients invest in their greatest asset

IDeal helps your clients save on their taxes while saving for their children’s education.

Download IDeal’s tax deduction checklist to help your clients take advantage of IDeal’s tax benefits.

Tax checklist

529 Quickview lets you manage all your clients’ IDeal transactions in one place

With 529 Quickview, you get real-time, password-protected access to your clients’ IDeal accounts, where you can quickly:

  • search, sort and download client data
  • set up recurring contributions
  • make investment changes
  • request distributions and more, all online

Note: A completed Limited Power of Attorney or a Power of Attorney form must be signed and submitted by the IDeal account owner. Once the information is received, your level of account access will be determined. 529 Quickview only provides access to client accounts; your clients retain ownership.

529 Quickview 529 Quickview FAQs
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1 Earnings on non-qualified withdrawals are subject to federal income tax and may be subject to a 10% federal penalty tax, as well as state and local income taxes. The availability of tax or other benefits may be contingent on meeting other requirements.
2 Contributions to the IDeal — Idaho Education Savings Program are deductible from Idaho state income tax, subject to recapture in certain circumstances, such as a non-qualified withdrawal or a rollover to another state’s qualified tuition program in the year of the rollover and the prior tax year.
3 In the event the donor does not survive the five-year period, a pro-rated amount will revert back to the donor’s taxable estate.
4 The employee may not take an Idaho state income tax deduction for contributions made by his/her employer.