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Plus, 529 savings plan contributions can be invested, similar to the structure of a 401(k), and any investment profits used to pay for qualified education expenses are 100% tax-free.
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 ...
West Virginia’s plan, Smart 529 WV Direct College Savings Plan. ... Schwab’s plan is sponsored by the state of Kansas, so it may be the best fit for Kansans, and non-residents should consider ...
A member of the Republican Party, LaTurner was the 40th Kansas state treasurer from 2017 to 2021 and a state senator from the 13th district from 2013 to 2017. Upon his appointment as Kansas state treasurer by Kansas governor Sam Brownback, LaTurner became the youngest statewide official in the country. He was elected to the post in his own ...
A 529 plan allows a participant to set up a tax-advantaged account to allow a beneficiary to use the funds for qualified education expenses. The participant deposits after-tax money into the account.
SOURCE: Integrated Postsecondary Education Data System, University of Kansas (2014, 2013, 2012, 2011, 2010). Read our methodology here . HuffPost and The Chronicle examined 201 public D-I schools from 2010-2014.
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