can 529 plan funds be used for study abroad

Best answer 鏄?/div>鏍规嵁 13 涓潵婧?/li> People also ask Can I use my 529 plan to pay for college abroad? This includes not only tuition and room and board, but also computer equipment, books and mandatory school fees. However, a student can o

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鏄?/div>鏍规嵁 13 涓潵婧?/li>

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  • Can I use my 529 plan to pay for college abroad?

  • This includes not only tuition and room and board, but also computer equipment, books and mandatory school fees. However, a student can only use 529 funds at an eligible educational institution. A student can use funds from her 529 plan to pay for studies at a foreign university if the school is an eligible educational institution.

  • What can a 529 plan be used for?

  • 1 Use a 529 to pay for elementary and secondary school tuition. … 2 Roll 529 savings into an ABLE account to pay for disability expenses. … 3 Use a 529 to pay for vocational school, community college, online courses and graduate programs. … 4 Technology and internet access can be 529 qualified expenses. … More items…

  • Can a 529 plan beneficiary take a tax-free distribution from an international school?

  • Students must be enrolled in school at least half time for a 529 plan withdrawal to count as a tax-free distribution. The beneficiary may enroll at an international school for their entire educational program, or they can choose to spend a semester or two abroad. For the latter option, the student classes must be accepted for credit by a U. S.

  • Can I use my 529 plan for non qualified expenses?

  • If you use 529 funds to pay for these nonqualified expenses, the IRS will apply income tax to the withdrawals, as well as a 10 percent penalty on the earnings portion of the withdrawal. Should I use my 529 to study abroad?

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