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MOST - Missouri's 529 College Savings Plan |
Missouri's 529 College Savings Plan, most commonly known as MOST, is an easy and useful way for families in the Kansas City area to save for two- and four-year colleges and universities, postsecondary trade and vocational schools, and postgraduate programs.
It is important to share vital programs, such as MOST, with my constituents, who can immediately begin saving for future higher-education expenses and open the doors of opportunity for their family members. You can start saving today for a better future by making a low minimum investment, reaping tax benefits, and taking advantage of how easy the program is to use.
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- MOST allows adults to open an account with as little as $25 and make contributions of $25 or more ($15 or more if using payroll direct deposit).
- There are no federal or Missouri state income taxes on investment earnings or on withdrawals used for qualified higher-education expenses. Account holders who live in Missouri can deduct their contributions (up to $8,000 or $16,000 if married filing jointly) from their state income tax.*
- Individuals can open a MOST 529 account in about 10 minutes by visiting missouricollegesavings.com. This online account also allows users to view statements, make contributes and obtain performance information any time.
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For more information on how you can take advantage of this state program, please visit www.missourimost.org, call 888-414-MOST, or email most529@missourimost.org. You may also write to: MOST - Missouri's 529 College Savings Plan, P.O. Box 219212, Kansas City, MO 64121-9212. |
* Earnings on nonqualified withdrawals may be subject to federal income tax and a 10 percent federal penalty tax, as well as state and local income taxes. The availability of tax or other benefits may be contingent on meeting other requirements. Contributions to the plan in a tax year are deductible from Missouri state income tax up to certain limits but may be subject to recapture in subsequent years if you make a nonqualified withdrawal. |
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