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Level 1
posted Jun 1, 2019 9:09:54 AM

529 withdrawal at end of year for ytd tuition?

Can I hold off until December to make a 529 withdrawal for all tuition paid year to date or do I need to take the withdrawals each semester? 

Laptops seems to be debatable college expense but if the classes are online it should be a valid expense? 

0 3 1584
3 Replies
Level 15
Jun 1, 2019 9:09:56 AM

Yes, you can wait until the end of the year. The only requirement is that the withdrawal takes place in the same year as the expenses.

Laptop is a valid expense for a 529 withdrawal. It's debatable whether it's a valid expense for a tuition credit

Level 1
Jun 1, 2019 9:09:58 AM

Is there max cost for claiming the laptop?

Level 15
Jun 1, 2019 9:10:00 AM

No.