Qualified, nontaxable distributions may be taken from a Section 529 plan for all of the following EXCEPT:
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Qualified, nontaxable distributions may be taken from a Section 529 plan for all of the following EXCEPT:
A rollover into the beneficiary's ABLE account penalty-free up to the annual contribution limit for an ABLE account.
The cost of a computer used by the beneficiary of the plan during years the beneficiary is enrolled at an eligible institution.
Up to $5,000 per year for medical expenses for a beneficiary of the plan while attending a qualified educational institution.
Up to $10,000 per student per year for tuition at a public, private, or religious school for grades K through 12.
Related Book For
Horngrens Cost Accounting A Managerial Emphasis
ISBN: 978-0134475585
16th edition
Authors: Srikant M. Datar, Madhav V. Rajan
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