by Derek White
Kansas State Treasurer Steven Johnson Talks Savings, Unclaimed Property, and More
Kansas State Treasurer Steven Johnson recently sat down for an interview to discuss key financial programs aimed at helping residents save for their future. From education savings plans to unclaimed property searches, his team is actively working to connect people with valuable resources.
One of the Treasurer’s primary initiatives is helping Kansans recover unclaimed property. With nearly $600 millionwaiting to be claimed, Johnson’s office is working diligently to return lost funds to their rightful owners. These funds often come from lost checks, forgotten utility deposits, and unclaimed insurance payments. His statewide tour includes stops where residents can check if they or someone they know might have money waiting for them.
For families planning for higher education, the 529 Education Savings Plan offers significant benefits. Contributions grow tax-free when used for qualified education expenses, including college tuition, technical training, and even tools required for certain careers. Kansas residents can deduct up to $3,000 per year per beneficiary from their state income taxes, making it an attractive way to save for the future.
Johnson also highlighted the ABLE (Achieving a Better Life Experience) Savings Program, designed for individuals with disabilities. These accounts allow beneficiaries to save money without jeopardizing federal benefits. Funds can be used for a variety of expenses, including education, housing, transportation, and even vacations. Just like the 529 plan, contributions are tax-deductible up to $3,000 annually.
For those looking to purchase their first home, Kansas offers a First-Time Homebuyer Savings Account, which provides a tax deduction on savings set aside for a home purchase. This initiative aims to make homeownership more accessible to Kansans by providing financial incentives for saving.
As part of his tour across northwest Kansas, Johnson is making stops at libraries, courthouses, and local events to personally assist residents. He’s not only helping individuals recover unclaimed property but also spreading awareness about these valuable financial tools. His tour schedule includes visits to Phillipsburg, Atwood, St. Francis, and Sherman County, among other locations.
Johnson’s mission is clear: to provide Kansans with the financial resources they need to plan for their future. Whether it’s returning lost money, helping families save for education, or supporting individuals with disabilities, his office is making a tangible impact. Kansans interested in checking for unclaimed property or learning more about these programs can visit treasurer.ks.gov or stop by one of his tour locations.
With valuable programs in place, now is the time for residents to take advantage of these opportunities and secure their financial future.
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