can you use 529 distributions for study abroad

Best answer Distributions from 529 college savings planscan be used tax-freeto study abroad,subject to certain restrictions. In particular,the distribution must be used to pay for qualified higher education expenses at an eligible educational instit

Best answer


Distributions from 529 college savings planscan be used tax-freeto study abroad,subject to certain restrictions. In particular,the distribution must be used to pay for qualified higher education expenses at an eligible educational institution.

People also ask


  • Can 529 college savings plan distributions be used to study abroad?

  • Distributions from 529 college savings plans can be used tax-free to study abroad, subject to certain restrictions. In particular, the distribution must be used to pay for qualified higher education expenses at an eligible educational institution.

  • Can I use a 529 plan to pay for a host school?

  • The host school must be approved by the U.S. Department of Education to be eligible for 529 funds. The student must also be enrolled at least half-time for their room and board costs to qualify. A 529 plan is a tax-advantaged savings account for education.

  • What can you use a 529 plan for?

  • You檒l need to use the money from a 529 plan on qualified higher education expenses. This restriction applies both for U.S. schools and international schools. Additionally, students must use the plan withdrawals in the same calendar year that the qualified expenses are paid.

  • 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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