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billanar
New Member

In filing State Income Tax in Kansas, is any 529 plan contribution deductible or just the "Learning Quest Education Savings Program?

 
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9 Replies
le-paul
New Member

In filing State Income Tax in Kansas, is any 529 plan contribution deductible or just the "Learning Quest Education Savings Program?

How come turbotax does not ask me for my contribution when I am filing my Kansas state return?
DanO
New Member

In filing State Income Tax in Kansas, is any 529 plan contribution deductible or just the "Learning Quest Education Savings Program?

Yes, up to $3,000 per beneficiary per year by an individual, and up to $6,000 per beneficiary per year by a married couple filing jointly.

psk
Level 1

In filing State Income Tax in Kansas, is any 529 plan contribution deductible or just the "Learning Quest Education Savings Program?

Question was if Any 529 plan is eligible for deduction or just the Learning Quest Savings plan (by kansas) is allowed?
DanO
New Member

In filing State Income Tax in Kansas, is any 529 plan contribution deductible or just the "Learning Quest Education Savings Program?

Any 529 plan is eligible.  Contributions to Kansas AND non-Kansas state-sponsored 529 plans of up to $3,000 per beneficiary per year by an individual, and up to $6,000 per beneficiary per year by a married couple filing jointly, are deductible in computing Kansas taxable income. Rollover contributions are not deductible. Contribution deadline is December 31.

Here is a link that covers the topic for Kansas.
<a rel="nofollow" target="_blank" href="http://www.savingforcollege.com/529_plan_details/?page=plan_details&plan_id=19">http://www.savingfor...>
psk
Level 1

In filing State Income Tax in Kansas, is any 529 plan contribution deductible or just the "Learning Quest Education Savings Program?

Thank you
le-paul
New Member

In filing State Income Tax in Kansas, is any 529 plan contribution deductible or just the "Learning Quest Education Savings Program?

I am filing return in Kansas and turbotax does not ask me for my 529 contribution
ghoracek
New Member

In filing State Income Tax in Kansas, is any 529 plan contribution deductible or just the "Learning Quest Education Savings Program?

Same here.  I also went to the forms view and could not find where to enter that information.  I am reading the KS filing instruction now to see if it says anything.   In previous years, it mentions Line A15, but that is not for 529 plans on this year's form.  

ghoracek
New Member

In filing State Income Tax in Kansas, is any 529 plan contribution deductible or just the "Learning Quest Education Savings Program?

Replying to my own post as I just noticed that this topic question has not been answered in six month, so I'd say we are at a dead end on this question.  Everyone is on their own.........

Irene2805
Expert Alumni

In filing State Income Tax in Kansas, is any 529 plan contribution deductible or just the "Learning Quest Education Savings Program?

Kansas taxpayers may take an annual deduction of up to $3,000 ($6,000 for married, filing jointly) from Kansas adjusted gross income for contributions into each beneficiary's Learning Quest, Learning Quest Advisor, or Schwab 529 account or contributions to a 529 plan sponsored by any other state.  [Learning Quest Frequently Asked Questions]

To enter your 529 contributions on your Kansas return, please follow these steps:

  1. Go into your KS return.
  2. If you haven't finished going through the interview, continue to the screen, Here's the income that Kansas handles differently.  
  3. If you've already completed the KS interview, you will see the screen Your 2020 Kansas taxes are ready for us to check.
  4. Click the Edit box next to Income.  You will now see the screen, Here's the income that Kansas handles differently.  
  5. Under Education, click the Start box next to Learning Quest Education Contributions.
  6. Enter your contributions on the next screen.
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