The Learning Quest 529 Education Savings Plan helps Kansas families save for their loved ones in tax-advantaged 529 savings accounts. Learning Quest 529 accounts are designed to help designated individuals or yourself pay for qualified educational and career advancement expenses. Funds within a Learning Quest account can be invested in a variety of options. Funds can grow and be withdrawn tax free if used toward qualified expenses. Additionally, 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.
Disclaimer: As with any investment, withdrawal value may be more or less than your original investment. This information is for educational or informational purposes only and is not intended as tax advice. Investments are not guaranteed by the State of Kansas, the Kansas State Treasurer, American Century Investment Management, Inc., or Charles Schwab & Co., Inc.