Qualified Education Expenses
What can you use your 529 investments for?
Earnings on my529 investments are tax-free when spent on qualified education expenses.
Tuition and mandatory fees.
Books, supplies and required equipment.
Room and board for students enrolled at least half-time. (Cost incurred for room and board cannot exceed the allowance for room and board included in the cost of attendance as determined by the eligible educational institution, or, if greater, the invoice amount a student living in housing owned or operated by the eligible educational institution is charged for room and board.)
Computers, peripheral equipment, educational software and internet access.
Costs for registered apprenticeships, including fees, books, supplies and equipment required for participation. (To qualify, apprenticeship programs must be registered under Section 1 of the National Apprenticeship Act.)
K-12 tuition expenses at public, private or religious schools. (Withdrawals for K-12 tuition expenses cannot exceed a combined total of $10,000 per beneficiary per calendar year from all 529 accounts held for the beneficiary.)
Payments on qualified education loans for the beneficiary or a sibling of the beneficiary. (Withdrawals for loan repayments are limited to a total of $10,000 from all 529 accounts.)
