What are the gift tax implications for a KAPT account holder?
Contributions to KAPT are considered a completed gift for gift tax purposes. No federal gift tax would be imposed on a purchaser for gifts to a beneficiary which do not exceed the annual gift tax exclusion amount (currently $11,000). If an account holder makes up to $55,000 in contributions in a single year, the contributions can be treated as having been made ratably over five years. As with any personal tax questions, it is important to consult your tax advisor. Return to Top of Page KAPT Enrollment Information KAPT enrollment is currently closed. Watch the website for the dates of the next enrollment period. The following documents are needed to enroll in KAPT. They are available to print out using Adobe Acrobat Reader. To download the free Adobe Acrobat Reader, click here. To access each document, click on the link. For information on each of these documents, read the KAPT Program Overview. If you would like to receive the KAPT enrollment kit by mail, or if you have any questions,
