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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

  • Up to a $6,000 state income tax deduction ($12,000 for married, filing jointly) for Idaho residents
  • 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
  • Range of investment options, from conservative to aggressive, all managed by The Vanguard Group, one of the nation’s leading investment managers
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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: 529 Quickview only provides access to client accounts; your clients retain ownership.)

Log in to 529 Quickview Brochure
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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.