Can you deduct 529 contributions in Kansas?
Kansas taxpayers may take an annual deduction of up to $3,000 ($6,000 for married, filing jointly) from Kansas adjusted gross income for contributions into each beneficiary's account.
What is a Learning Quest education savings Program?
The Learning Quest 529 Education Savings Program was established by the State of Kansas and is managed by American Century Investment Management, Inc. It offers anyone who is a U.S. citizen or resident alien an easy way to invest for higher education.
Is Learning Quest a 529 plan?
Learning Quest 529 Education Savings Plan
With a 529 account as part of your plan for college savings, you have a tax-advantaged investment option to help cover the ever-increasing costs of college, while potentially reducing reliance on student loans.
What can be used for 529 plans?
- Qualified expenses that 529s cover. A tax-advantaged 529 college savings plan can be used to pay for college, but not all expenses qualify. ...
- College tuition and fees. ...
- Vocational and trade school tuition and fees. ...
- Elementary or secondary school tuition. ...
- Student loans. ...
- Off-campus housing. ...
- Food and meal plans. ...
- Books and supplies.