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¹Qualified postsecondary credentialing expenses generally include tuition, fees, books, supplies, and equipment required to enroll in or attend a recognized postsecondary credential program, and fees for testing and continuing education if required to obtain or maintain a recognized postsecondary credential. For a program or credential to be considered recognized it must meet certain criteria. Please refer to the IDeal Disclosure Statement for important additional information describing the tax treatment of distributions taken for postsecondary credentialing expenses.

²Expenses for tuition and certain other expenses in connection with enrollment or attendance at an elementary or secondary public, private or religious school as determined under applicable state law, not to exceed $20,000 per student per year in the aggregate across all 529 Plans for such student. See the IDeal Program Disclosure for details. Since different states have different tax provisions, if you or your beneficiary, as applicable, are not an Idaho taxpayer, the state(s) where you pay income tax may differ in its state income tax treatment of K-12 expenses. You should consult your own state’s tax laws or your tax advisor for more information on your state’s taxation of withdrawals for K-12 expenses.

³Earnings 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.

⁴Student loan repayments: Principal or interest on any qualified education loan of the Beneficiary or a sibling of the Beneficiary, up to $10,000 lifetime, per individual. If you make an education loan repayment from your Account, you may not also take a federal income tax deduction for any interest included in that education loan repayment.

⁵Contributions 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.

⁶529 account owners will be able to rollover savings from their 529 plan account into a Roth IRA without incurring any federal income tax or penalty. The Roth IRA must belong to the same beneficiary, and the lifetime rollover limit is $35,000. To be eligible, the 529 account must have been open for at least 15 years and the rollover amount must have been in the 529 account for 5 years. 529 to Roth IRA rollovers will also count toward annual Roth IRA contribution limits. Please review the Program Disclosure for additional information.

⁷Earnings 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.