Idaho Discovery Plan

• Category: Idaho Federal - District Court
• State: Idaho
• Control #: ID-SKU-104
• Format: Word

Description

Discovery Plan The Idaho Discovery Plan is a program that provides families in Idaho with educational opportunities for their children. It is designed to help families save for post-secondary education in a tax-advantaged way. The program is sponsored by the Idaho Prepaid Tuition Program Board and administered by the Idaho State Treasurer's Office. The plan offers three different types of savings accounts: the Idaho Education Savings Program, the Idaho College Savings Plan, and the Idaho ABLE Savings Program. The Idaho Education Savings Program (ESP) is a 529 college savings plan. It allows families to save for college expenses, such as tuition, room and board, books, and supplies. The account also offers tax advantages, such as federal and state tax deductions and exemptions from state income taxes. The Idaho College Savings Plan (ISP) is a prepaid tuition plan. It allows families to purchase tuition units in advance and lock in the current tuition rates at participating colleges and universities. The plan also offers tax advantages, such as federal and state tax deductions and exemptions from state income taxes. The Idaho ABLE Savings Program (ISP) is a tax-advantaged savings account for individuals with disabilities. It allows them to save up to $15,000 each year, without losing eligibility for certain public benefits, such as Social Security and Medicaid. The account also offers tax advantages, such as federal and state tax deductions and exemptions from state income taxes.

The Idaho Discovery Plan is a program that provides families in Idaho with educational opportunities for their children. It is designed to help families save for post-secondary education in a tax-advantaged way. The program is sponsored by the Idaho Prepaid Tuition Program Board and administered by the Idaho State Treasurer's Office. The plan offers three different types of savings accounts: the Idaho Education Savings Program, the Idaho College Savings Plan, and the Idaho ABLE Savings Program. The Idaho Education Savings Program (ESP) is a 529 college savings plan. It allows families to save for college expenses, such as tuition, room and board, books, and supplies. The account also offers tax advantages, such as federal and state tax deductions and exemptions from state income taxes. The Idaho College Savings Plan (ISP) is a prepaid tuition plan. It allows families to purchase tuition units in advance and lock in the current tuition rates at participating colleges and universities. The plan also offers tax advantages, such as federal and state tax deductions and exemptions from state income taxes. The Idaho ABLE Savings Program (ISP) is a tax-advantaged savings account for individuals with disabilities. It allows them to save up to $15,000 each year, without losing eligibility for certain public benefits, such as Social Security and Medicaid. The account also offers tax advantages, such as federal and state tax deductions and exemptions from state income taxes.