529 Funds and Non-Qualified Expenses: What You Need to Know

529 college savings plans are tax-advantaged investment accounts that are designed to help families save for higher education expenses. Contributions to a 529 plan are not tax-deductible, but earnings on the investments within the plan are tax-free as long as they are used for qualified education expenses, such as tuition, fees, books, and certain room... Read more

How to pay college fee using 529 funds?

A 529 plan is a tax-advantaged savings plan designed to help families save for college and other post-secondary education expenses. It is named after Section 529 of the Internal Revenue Code, which created these types of plans. There are two types of 529 plans: prepaid tuition plans and education savings plans. Prepaid tuition plans allow... Read more