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Dear Colleagues and Partners,
A friendly reminder that Idaho taxpayers who are married and filing jointly can deduct up to $8,000 of their IDeal — Idaho 529 College Savings Program account contributions ($4,000 if single).
* To qualify for the state tax deduction, contributions must be received or post marked by December 31, 2016.
Contributions to an IDeal 529 account for a family member or a friend is a very thoughtful gift that has the potential to grow exponentially and any Idaho state tax payer who contributes can take the tax deduction regardless of who owns the account!
IDeal accounts offer many benefits, including:
The Idaho College Savings Board
If you’d like to stop receiving e-mails about The IDeal - Idaho College Savings Program, simply send an e-mail to the Idaho College Savings Board at Ideal.Information@sto.idaho.gov with “opt out” in the subject line.
* Idaho taxpayers receive a maximum $4,000 state income tax deduction per individual taxpayer (up to $8,000 if married, filing jointly) from their State adjusted gross income annually for contributions to IDeal. Contributions to IDeal 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.
For more information about the Idaho College Savings Program (“IDeal”), call 866-433-2533 or visit www.idsaves.org 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.
If you are not an Idaho taxpayer, consider before investing whether your or the beneficiary’s home state offers any state tax or other benefits that are only available for investments in such state’s qualified tuition program.
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.
IDeal – Idaho College Savings Program Board
700 West Jefferson St. Ste. 126
Boise, ID 83720
Check out Rapid Aerial's video of the Idaho Botanical Garden's Winter Garden Aglow! Contact Matt for any Rapid Aerial video or photography needs!
The Rag Company has a new location! Please join us in celebrating their grand opening. Details:
The Rag Company Grand Opening
Tuesday, December 13 5430 W. State St., Boise
Ribbon Cutting 3:00 p.m.
Open House 3:00 - 5:00 p.m.
Ribbon cutting, open house, refreshments, 10% off everything in the store, free high-quality lens cloth for each attendee, and door prizes. Questions? Contact Carolyn Hennen at 208-888-6821 or email firstname.lastname@example.org.
Elevate Publishing will be participating in Cyber Monday on November 28. This local publishing boutique will offer 50% off of any book orders from their site, which includes popular titles like It's My Pleasure from Chick-Fil-A executive Dee Ann Turner and The Purpose Economy from best-selling author Aaron Hurst. Elevate is also home to a handful of Boise authors, including Sports Illustrated senior writer Cameron Morfit and internationally-recognized triathlete Kevin Everett.
Buy Idaho member Chris Bentley, from The Barber Story, is participating in Movember! Check out his blog and upcoming event to raise awareness for Men's health during Movember. The following is his letter to you:
"Seasons greetings fellow Buy Idaho members!
My name is Chris Bentley, and I am a barber who runs a business called The Barber Story. For the past 8 years, I have shaved my mustache in solidarity with the Movember Foundation to raise awareness for some of the leading health concerns that are causing men to die too young. Movember is an organization that I have found an incredible passion for volunteering on behalf of, especially given their shift in recent years to focus on suicide prevention. For the month of November, as a barber, I have been offering complimentary hot towel shaves with any $15 donation made to The Barber Story's donation page on Movember.com, or with any donation made directly through Combat Fitness / SBGi. Presently, we're about $300 total into our $1,000 goal and this is where I am asking for your help in reaching that goal.
On December 4th, The Barber Story is partnering with Spacebar Arcade and Woodland Empire to host an evening of Movember celebration that will include best mustache of Movember, men's health & mustache related trivia, as well as great local beers. In between trivia rounds, we will be fundraising and raffling off various prizes. I would like to extend an opportunity to have your products and services featured in the raffle giveaway.
100% of the money raised from the raffle will be donated to the Movember foundation in a final effort to hit our fundraising goal. If you have any further questions, or are interested in joining the list of donors, please reach out to me via e-mail. For those curious, I have included a handful of links at the bottom of this message. Thank you all for your consideration, and have a great holiday season.
https://www.facebook.com/events/1737778116545761/ (Facebook Event Page)
http://moteam.co/the-barber-story (Movember Team Page)
https://us.movember.com/events/view/id/pV1v (Movember Event Page)
We want to welcome our October New Members!
Boise WiFi, LLC, Uncommon Goods and Gifts, Airy Feet.
Gem State Welders Supply, Inc., 44 North Vodka, Alexander Clark Printing, Red Lion, three Rivers Insurance, Inc., Flahiff Funeral Chapels, Lighthouse Salad Dressing, Diamond line Delivery Systems, Safeguard by IBF, Idaho Pizza, Boise Refrigeration Services, Co, R.C. Bigelow Inc, Jenntangled, QTS Payroll, Idaho Nursery & Landscape Assoc., Idaho Rural Water Association, Buena Vista Publishing, Potter Wines, Lee's Candies, Inc, Drake Cooper, Idaho Farmer's Market Association, Tonkin Real Estate Group, Ozark Mt BBQ.
Thank you to everyone that came to and participated in Buy Idaho's 30th Anniversary Event. We appreciate all of our members and we could not succeed without your continued support. The pictures from the event are posted! Thank you again for helping make Buy Idaho great!
We want to welcome the companies that joined Buy Idaho this September!
Idaho Horror Film Festival: www.idahohorrorfilmfestival.com
Fredriksen Health Insurance: www.fredhealthins.com
Satin Serenity: www.satinserenity.com
Darlene's Printing: www.darlenesprinting.com
Magic Valley Brewing: www.magicvalleybrewing.com
PortaPros and ABC Sanitation: www.portapros.com
Twin Falls Visitor Center: www.visitsouthidaho.com/visitor-info/twin-falls-visitor-center
Cravin's Candy Emporium: www.cravinscandy.com
© 2015 Buy Idaho, Inc. All rights reserved.