WebAug 9, 2024 · You can use funds from a 529 account for a wide range of qualified education-related expenses. That includes tuition, fees, books, supplies, and computers. WebBut in addition to college expenses, you can also spend up to $10,000 per year on tuition expenses for elementary, middle, and high school—private, public, or religious. It's important to know that the $10,000 annual limit is per beneficiary, not per account—the money can come from multiple 529 accounts.

Understanding 529 Withdrawal Rules - The Balance

WebWhile funds from a 529 account can be used to pay for expenses required for college, not all expenses qualify. Tuition and fees are considered required expenses and are allowed, but when it comes to room and board, the costs can't exceed the greater of the following two amounts: ... Computer software for sports, games, or hobbies would be ... WebAug 21, 2024 · The 529 plan will cover the cost of a computer that’s primarily used by the beneficiary. College funds also cover the cost of school-related equipment, software, and even internet access charges. Sorry kids, computer software used for entertainment, such as video games, is not considered a qualified expense. Special Needs Equipment green house what color front door

Q&A: Can I Pay for My Student’s Computer Repair Using …

Web529 plans can be used to pay for a variety of expenses related to attending a college or university. Some expenses are straightforward and go directly to a department on campus, such as tuition. Others can be purchased … WebMar 27, 2024 · You can withdraw 529 plan savings tax-free to pay for qualified education expenses, which include costs required for enrollment and attendance at in-state, out-of-state, public and private colleges, … WebFeb 12, 2016 · And the new law lets you withdraw 529 money tax-free to purchase a computer, printer, scanner, related equipment and software, and Internet access. The computer-related items qualify as long... flydocs app