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A 529 college savings plan can be a great way to help your future student cut down on student loan costs. Plus, these special savings plans provide some valuable tax benefits, making them ...
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.
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 ...
An education savings plan allows a saver to open an investment account for the benefit of a future student. These plans can pay for tuition, as well as room and board, and some other qualified ...
Tax Benefits of 529 Plans. Beneficiaries reap the largest tax benefits of 529 plans. The money contributed on their behalf grows tax-free. And as long as they use the money for qualified education ...
But now, there's less pressure to spend down a 529 plan on education costs, since the penalty-free rollover option exists. Saving in a 529 plan could help make college far more affordable once ...
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