Monday, January 30, 2012

Learning Quest Savings Plan

q  Learning Quest Savings Plan

      The Learning Quest® 529 Education Savings Program is Kansas’ state-sponsored 529 plan.  529 plans provide a tax-advantaged way to invest for college (conditioned on meeting certain requirements).  You can open a Learning Quest account with an initial investment of $250 or an automatic monthly investment of $25.  Students may use the money to pay for qualified education expenses at any accredited university, college, or approved technical or vocational program.  Kansas taxpayers can deduct contributions up to $3,000 ($6,000 if married filing jointly) from their Kansas adjusted gross income each year.  Withdrawals used for qualified education expenses are free from federal and Kansas state income tax!  Learning Quest’s high contribution limit allows you to accumulate enough to pay for a five-year college education at a public institution based on today’s estimates.  To learn more about Learning Quest, or to get started, simply do one of the following: 
·         Call 1-877-345-8837
·         Visit www.learningquest.com

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