One of my greatest privileges and responsibilities as a parent is preparing my kids for the day when they will be independent and self-sufficient. Opening a Learning Quest account is a great way to tell the students in your life that you believe in their potential and that you are taking steps to invest in their future. Starting early and saving often will help your students be prepared for the education that will launch them into a great career.
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.
Kansas State Treasurer
The availability of tax or other state benefits (such as financial aid, scholarship funds and protection from creditors) may be conditioned on meeting certain requirements, such as residency, purpose for or timing of distributions, or other factors.
Additionally, you may be eligible to deduct your contributions from your taxable income regardless of where you live. Check with your state for specific tax benefits. For example, Kansas taxpayers receive an annual adjusted gross income deduction of up to $3,000 (or $6,000 if you're married and filing jointly) for contributions per year, per child.
I am confident that after you have reviewed the information on the website, you will want to enroll in Learning Quest. If you would like to speak to a Specialist please call (800) 579-2203. Or, your financial professional may contact us at (877) 882-6236. Together, we can open doors.
Kansas State Treasurer
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.
This information is for educational purposes only and is not intended as tax advice.
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.
The earnings portion of non-qualified withdrawals is subject to federal and state income taxes and a 10% federal penalty.