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Director briefs committee on I Deal Idaho 529 plan, employer incentives and new Roth rollover option

2381751 · February 5, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Dawn Hall, executive director of I Deal Idaho (the state 529 college savings program), briefed the House Education Committee on program features, account growth and new rollovers to Roth IRAs.

Dawn Hall, executive director of I Deal Idaho (the state’s 529 college savings program), updated the House Education Committee on program features, recent growth and outreach efforts.

Hall said I Deal Idaho was created by the Idaho Legislature and is governed by a state college savings board composed of constitutional officers or their designees. She described the plan as a tax‑advantaged savings vehicle for education expenses and compared it to a Roth IRA for education use.

Key features Hall highlighted include: online account management at idsaves.org and a mobile app; flexibility to pay for K–12 tuition (tuition only) and a broad set of postsecondary expenses (tuition, room and board, books, required supplies and technology) as well as career and technical programs and apprenticeships; up to $10,000 lifetime withdrawals for student loan repayment per beneficiary;…

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