|Make College a Reality with Learning Quest®|
As a parent, I know that planning for your child's future is of vital importance to you. Investing in their postsecondary education is one of the most significant contributions you can make. A college education can open doors to endless opportunities. It challenges students to think big, strive higher and can instill the desire to make a difference.
The Kansas State Treasurer's office has partnered with American Century Investment Management, Inc., to bring you what we believe is one of the most comprehensive education investing programs in the nation. The Learning Quest 529 Education Savings Program has been designed with features and benefits to make investing for college a reality.
Additionally, if you are a Kansas taxpayer, you are eligible to receive an annual Kansas adjusted gross income deduction for contributions up to $3,000 ($6,000 if married, filing jointly) per student.
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.
Nonqualified withdrawals are subject to federal and state income taxes and a 10% federal penalty tax.