Governor signs bill giving taxpayers more flexibility

Governor Laura Kelly today signed Senate Bill 360, giving Kansas taxpayers additional flexibilities when contributing to a 529 program account, qualified ABLE program account, and first-time home savings account by allowing them to choose the timing of their deduction from state income tax. The bill allows Kansans to apply the deductions from contributions to these accounts to either the current or the previous tax year filing, aligning these accounts with tax filing deadlines instead of the calendar year.