posted

If I paid for my daughter’s entire college tuition from an IRA, will I still be eligible for tax credits?

1 Best answer

Accepted Solutions

If I paid for my daughter’s entire college tuition from an IRA, will I still be eligible for tax credits?

Yes you would still be eligible for education tax credits. You must still pay taxes on the IRA withdrawal even if you were able to avoid the 10% early withdrawal penalty.

View solution in original post

1 Reply

If I paid for my daughter’s entire college tuition from an IRA, will I still be eligible for tax credits?

Yes you would still be eligible for education tax credits. You must still pay taxes on the IRA withdrawal even if you were able to avoid the 10% early withdrawal penalty.