The 529 Plan, a college savings plan named after the section of the IRS code that created it, is a state-sponsored investment program used to save and invest for qualified education expenses.

The IRS, as well as most states, offer favorable tax rules and incentives to make it easier to save. Luckily for Kansas Citians on both sides of the state line, Missouri and Kansas each offer a tax deduction for contributions to 529 accounts, but the rules are a little different depending on where you live.

Ah, the KCMO 1% “Earnings Tax.” It is a topic of frequent debate and ultimately an indelible mainstay for those who live and/or work within the city. If you have recently moved to Kansas City or received a “surprise!” letter in the mail, you may be wondering about this tax you could be obligated to pay.