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The Iowa Department of Education announced Jan. 29 that more than 16,000 students paid for nonpublic school tuition this year by using education savings accounts created under a law signed by Gov ...
Gov. Kim Reynolds said more than 30,000 Iowa private school students have been approved for state-funded education savings accounts to pay their tuition and fees for the upcoming school year.
Iowa will spend nearly $180 million on education savings accounts for private schools. The state also is expected to spend $179.2 million in the coming year on private school education savings ...
529 plans are named after section 529 of the Internal Revenue Code—26 U.S.C. § 529.While most plans allow investors from out of state, there can be significant state tax advantages and other benefits, such as matching grant and scholarship opportunities, protection from creditors and exemption from state financial aid calculations for investors who invest in 529 plans in their state of ...
A Coverdell education savings account (also known as an education savings account, a Coverdell ESA, a Coverdell account, or just an ESA, and formerly known as an education individual retirement account), is a tax advantaged investment account in the U.S. designed to encourage savings to cover future education expenses (elementary, secondary, or college), such as tuition, books, and uniforms ...
This essay is adapted from a 2024 analysis published as "Tax-Funded Education Savings Account Payments to Religious Schools Violate State Constitution Compulsion Guarantees: The Iowa Example ...
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