Learning Quest At-A-Glance
Here is a summary of the features and benefits of a Learning Quest account. Click on a link to read more about the selected feature.
|Generous maximum contribution limit||
|Flexible account owner eligibility||
|Easy to start||
|Flexible to use||
|Easy to manage||
|Professional investment management|
|Programs to help you save more|
|Real-time client service||
Speak with a Specialist, weekdays from 8 a.m. to 5 p.m. Central Time:
The availability of tax or other benefits may be conditioned on meeting certain requirements, such as residency, purpose for or timing of distributions, or other factors.
1 Earnings from non-qualified withdrawals are subject to federal and state income taxes and a 10% federal penalty tax.
2 This provision is unique to 529 Plans such as Learning Quest. To qualify, you'll need to file IRS Form 709 (Instructions for Form 709) to treat the gift as if it were made in equal payments over five years. To avoid gift tax, you should make no additional gifts to the beneficiary during that time. If a new beneficiary is named for the account who is two or more generations younger than the current beneficiary, a generation-skipping tax may apply. We suggest you consult a tax advisor to determine if you need to file this form. No additional gifts can be made to that beneficiary over the next four years after the year in which the one-time gift is made. If the donor of an accelerated gift dies within the five-year period, a portion of the transferred amount will be included in the donor's estate for estate tax purposes. Consult with tax advisor regarding your specific situation.
3 Upromise is an optional service offered by Upromise, Inc., is separate from Learning Quest, and is not affiliated with the State of Kansas. Specific terms and conditions apply. Participating companies, contribution levels and conditions subject to change without notice. Transfers subject to a $25 minimum.
IRS Circular 230 Disclosure: American Century Companies, Inc. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with American Century Companies, Inc. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties.