Tax treatment of 529 plan withdrawals

To avoid adverse tax consequences, withdrawals from 529 plans can only be used to pay for qualified higher education expenses. For the savings plans, Distributions from 529 plans used for qualified education expenses are tax- and penalty-free if the amount is equal to or less than the designated beneficiary39s

Find out the maximum contributions and withdrawals under a 529 Plan. in excess of the anticipated cost of a beneficiary39s qualified education expenses

529 plans, legally known as qualified tuition plans, are sponsored by states, state Withdrawals from college savings plans can generally be used at any 10 Sep 2013 Tax-favored Section 529 college savings plans have been around long enough that some folks are now taking withdrawals. Qualified 4 Sep 2012 Withdrawals from 529 plans are tax-free only if they are used to pay for so-called qualified higher-education expenses, as defined by the

ICI - Frequently Asked Questions About 529 Plans

23 Sep 2014 A. A qualified, nontaxable distribution from a 529 plan during 2009 or 2010 now includes the cost of the purchase of any computer technology, Qualified education expenses do not include A distribution from a 529 plan that is not used for the above

Qualified Higher Education Expenses for 529 Plans The amount of qualified expenses you may be able to use Section 529 plan distributions to pay for is 18 Jul 2014 Withdrawals from a 529 plan are tax-free to the extent your child (or other account beneficiary) incurs qualified higher education expenses