Make your money work harder and smarter.

IDeal is designed for parents who'd rather spend their college savings on tuition, instead of on taxes. It offers several significant advantages over taxable college saving vehicles:

Tax-deferred earnings

Unlike most traditional investments, an IDeal account can grow tax-deferred. That means your earnings could continue to compound year after year, without suffering the bite of federal and state taxes.

The difference between tax-free growth and taxable growth can be significant, as the hypothetical chart below shows:

Tax-Deferred_@1x.png

If you opened a 529 account with an initial investment of $25 and contributed $100 every month for 18 years, there could be almost $5,000 more for a qualified withdrawal than the same investment in a taxable account.1

Assumptions: $25 initial investment with subsequent monthly investments of $100 for a period of 18 years; annual rate of return on investment of 5% and no funds withdrawn during the time period specified; taxpayer is in the 30% federal income tax bracket for all options at the time of contributions and distribution. This hypothetical is for illustrative purposes only. It does not reflect an actual investment in any particular 529 plan or any taxes that may be payable upon distribution.

Tax-free qualified withdrawals2

You pay no federal or state income taxes on withdrawals from your IDeal account when the money is used for a qualified education related expense, such as:

  • tuition
  • mandatory fees
  • required books, supplies, and equipment
  • certain room and board expenses
  • computer software and internet access
  • dual credit courses and required books

Special state tax deduction for Idaho residents

Idaho taxpayers qualify for a state tax deduction of up to $4,000 ($8,000 if married, filing jointly) for contributions to an IDeal account.3

Gift and estate tax benefits

Contribute up to $14,000 ($28,000 if married, filing jointly) in a single year without incurring a gift tax. Or take advantage of "accelerated gifting" to reduce your taxable income by contributing five years' worth of gifts ($70,000 if single/$140,000 if married, filing jointly) to an IDeal account in one year without incurring gift taxes.4

Accelerated-Gifting_@1x.png

1 A plan of regular investment cannot assure a profit or protect against a loss in a declining market.

2 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.

3 Contributions to the IDeal - Idaho College 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.

4 In the event you do not survive the five-year period, a pro-rated amount will revert back to your taxable estate.

Ascensus Broker Dealer Services is the distributor of IDeal - Idaho College Savings Program. Learn more about Ascensus Broker Dealer Services, Inc. on FINRA's BrokerCheck.

Important Legal Information

By clicking on one of the social media icons, you are leaving the IDeal website, maintained by Ascensus College Savings, and are being redirected to a social media site solely maintained by the Idaho College Savings Program Board (“Board”). Ascensus Broker Dealer Services, Inc., the program manager for IDeal, does not monitor or endorse the Board's social media activities. All IDeal social media activities are the sole responsibility of the Board.

Mr. Thiros is a registered representative of Ascensus Broker Dealer Services Inc., 877-529-2980, 95 Wells Ave, Newton MA (member FINRA/SIPC) and is not employed by the State of Idaho.

For more information about IDeal - Idaho College Savings Program ("IDeal"), call 866-433-2533 or click here to obtain a Disclosure Statement. The Disclosure Statement discusses investment objectives, risks, charges, expenses, and other important information. Because investing in IDeal is an important decision for you and your family, you should read and consider the Disclosure Statement carefully before investing. Ascensus Broker Dealer Services, Inc. ("ABD") is Distributor of IDeal.

Please Note: Before investing in any 529 plan, you should consider whether your or the beneficiary's home state offers a 529 plan that provides its taxpayers with state tax or other benefits that are only available through investment in the home state's 529 plan. You should consult your financial, tax, or other advisor to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to contact directly your home state's 529 college savings plan(s), or any other 529 plan, to learn more about those plans' features, benefits, and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.

IDeal is administered by the Idaho College Savings Program Board ("Board"). ABD, the program manager, and its affiliates, have overall responsibility for the day-to-day operations, including investment advisory, recordkeeping and administrative services, and marketing. The Vanguard Group, Inc. ("Vanguard") serves as Investment Manager for IDeal. Sallie Mae Bank serves as the Savings Portfolio Manager for IDeal. IDeal's Portfolios invest in either: (i) mutual funds offered or managed by Vanguard; or (ii) an FDIC-insured omnibus savings account held in trust by the Board at Sallie Mae Bank. Except for the Savings Portfolio, investments in IDeal are not insured by the FDIC. Units of the Portfolios are municipal securities and the value of units will vary with market conditions.

Investment returns will vary depending upon the performance of the Portfolios you choose. Except to the extent of FDIC insurance available for the Savings Portfolio, you could lose all or a portion of your money by investing in IDeal, depending on market conditions. Account Owners assume all investment risks as well as responsibility for any federal and state tax consequences.

Not FDIC-Insured (except for the Savings Portfolio). No Bank, State or Federal Guarantee. May lose value.