Iowa SSB1119 creates a tax deduction for educational expenses at higher education institutions and apprenticeship programs.

Iowa SSB1119 introduces a tax deduction for educational expenses at institutions of higher education and apprenticeship programs. The bill defines "institution of higher education" and "expenses" and applies retroactively to tax years beginning on or after January 1, 2025. The deduction covers expenses for instruction at institutions of higher education for career-related programs that do not qualify for college credit and for participation in apprenticeship programs. Payments made from the Iowa education savings plan or similar plans do not qualify for the deduction.

Iowa SSB1119 creates a tax deduction for educational expenses at higher education institutions and apprenticeship programs.

Iowa SSB1119 introduces a tax deduction for educational expenses at institutions of higher education and apprenticeship programs. The bill defines "institution of higher education" and "expenses" and applies retroactively to tax years beginning on or after January 1, 2025. The deduction covers expenses for instruction at institutions of higher education for career-related programs that do not qualify for college credit and for participation in apprenticeship programs. Payments made from the Iowa education savings plan or similar plans do not qualify for the deduction.