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  • What can you use 529 funds for? - Fidelity Investments
    You can also use 529 dollars to cover expenses related to K-12 education (up to $10,000 per year), as well as vocational and trade schools You could transfer 529 funds (up to $35,000) into a beneficiary Roth IRA if you meet certain criteria or use that money to pay down student loans (up to $10,000) after graduation
  • A Career in Aviation is More Affordable with 529 | CTS Blog
    Fortunately, a bill has been introduced to extend 529 plan coverage to aviation-related fields, both in the air and on the ground If passed, students pursuing an aviation maintenance program, or a professional pilot program, will be able to use 529 plan savings to cover tuition, fees, books, supplies, and equipment required for their education
  • 529 Qualified Expenses: What Can You Use 529 Money For?
    A 529 plan is a powerful tool for saving for education that offers tax-free withdrawals on qualified expenses You can use a 529 plan for tuition, fees, books, computers, room and board, student loans (up to $10,000), and K-12 tuition (up to $10,000 per year), with each subject to specific guidelines If you have leftover money in your 529
  • What can a 529 be used for? More than you may think
    1 Roll unused 529 funds directly into a Roth IRA Under the SECURE 2 0 Act of 2022, if there are unused funds in a 529 plan, they can now be directly rolled into a Roth IRA for the beneficiary of the 529 plan (subject to certain limitations, including a $35,000 lifetime maximum per beneficiary) This can be done tax- and penalty-free over the beneficiary’s lifetime
  • Sens. Scott, Cantwell Introduce Legislation To Expand Aviation . . .
    U S Senators Tim Scott (R-S C ) and Maria Cantwell (D-Wash ) introduced the Aviation Workforce Development Act This legislation extends eligible expenses for 529 plans, allowing them to be used to pay for FAA-certified flight and aviation maintenance programs As record numbers of air travelers visit South Carolina each year, the Aviation Workforce Development Act will open up more
  • What Are 529 Plan Qualified Expenses? – Forbes Advisor
    You can buy a laptop or desktop with 529 funds, and you can even use the money to pay for your monthly internet bill If your school requires any other equipment, like a webcam or software, you
  • What Are Qualified Expenses For A 529 Plan? - The College Investor
    Using A 529 Plan For Private Elementary Or High School Starting in 2018, you are now eligible to use 529 plan expenses for private elementary through high school tuition Notice tuition - it's only eligible for tuition You can withdraw up to $10,000 per year to pay for private school tuition
  • 529 Plan to Cover PPL? : r flying - Reddit
    There is no provision for flight training, so you could still use your 529 funds, but you would be subject to the tax penalty In March 2023, the Aviation Workforce Development Act was introduced to the House to allow for Part 141 schools to become a 529 qualified expense, but the law has yet to pass
  • What you can—and cant—pay for with your 529 college savings plan . . .
    You can still use the proceeds of your 529 college savings plan account to pay for other expenses, but any earnings from these withdrawals are subject to federal income taxes and applicable state taxes, plus a 10% penalty You may also have to pay back income-tax deductions you claimed on your previous tax returns Nonqualified expenses include:
  • 529 Qualified Expenses: What You Can Use a 529 Plan For - LendingTree
    529 plans are family accounts A 529 plan is an investment account you can open on behalf of a child, even if it’s a niece, nephew or grandchild Multiple people can contribute to the 529 to help it grow over time, and you aren’t limited to the 529 plans in your state





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