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Key programs in the office are Bonds Services, Cash Management, Unclaimed Property, the Ag Loan and Housing Loan Deposit Programs and the Kansas 529 Education Savings Program, which has more than 143,000 accounts with total assets of over $2.7 billion. The Treasurer's office is a fee-funded agency.
While it was originally set up as a way to pay for the spiraling costs of college, the 529 has been expanded to include K-12 education, trade schools and other qualified programs. In addition, a ...
529 plans are named after section 529 of the Internal Revenue Code—26 U.S.C. § 529.While most plans allow investors from out of state, there can be significant state tax advantages and other benefits, such as matching grant and scholarship opportunities, protection from creditors and exemption from state financial aid calculations for investors who invest in 529 plans in their state of ...
Image source: Getty Images. As of 2025, the contribution limits to 529 college savings plans range from a low of $235,000 to a high of $575,000. And here are the states with the highest ...
Americans have amassed $450 billion for educational expenses in 529 plans as of August 2024, according to the Education Data Initiative. ... full advantage of 529 college savings plans — and it ...
An ABLE account, also known as a 529 ABLE or 529A account, is a state-run savings program for eligible people with disabilities in the United States. Rules governing ABLE accounts are codified in Internal Revenue Code section 529A, which was enacted by the Achieving a Better Life Experience (ABLE) Act in 2014.
Excess 529 plan contributions can now take on a whole new purpose besides education costs that could prove even more valuable to the beneficiary.
A 2023 study from The Pew Charitable Trusts found that employees’ insufficient retirement savings has led to increased public assistance costs for retirees, reduced tax revenue for the state ...