529 Kansas Tax Deduction: Unlocking Tax Savings for Higher Education

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529 Kansas Tax Deduction: Unlocking Tax Savings for Higher Education

Maximize your tax savings and invest in your child's future with the powerful 529 Kansas tax deduction. This valuable tax incentive allows Kansas residents to make tax-deductible contributions to a 529 Plan (Kansas Learning Quest 529 Plan), a tax-advantaged savings account designed specifically for education expenses.

529 Plan Contributions & Deductions

Contribution Limits	Tax Deduction
$3,000 per beneficiary per year	Up to $2,500 per beneficiary per year

529 Plan Withdrawals

Withdrawal Purpose	Tax Treatment
Qualified education expenses (tuition, fees, room and board, etc.)	Tax-free
Non-qualified withdrawals	Earnings taxed as income and subject to a 10% federal penalty

Advanced Features and Benefits

Tax-free investment growth: Earnings on your 529 plan grow tax-free, potentially maximizing your savings over time.
Investment flexibility: Choose from a range of investment options to align with your risk tolerance and financial goals.
Low minimum contributions: Start saving with just $25, making it accessible to families of all income levels.

Common Success Stories

One Kansas family saved over $10,000 in taxes by utilizing the 529 Kansas tax deduction over 10 years.
A Kansas college student was able to graduate debt-free thanks to the tax savings and investment growth from his 529 Plan.
A single mother in Kansas opened a529 Plan for her young child, securing their future education expenses and reducing her tax burden.

Unlock the Power of the 529 Kansas Tax Deduction

Maximize your tax savings and invest in your child's future education with the 529 Kansas tax deduction. Explore the benefits of 529 Plans here and start saving today.