in Education
The college website lists the different Costs of Attendance for the different scenarios (Lives w/ Parents, Lives On Campus, Students w/ Dependents). My son stays on campus and is in his first year. The college website says that the cost for Housing and Food is $18,405. The meal plan that my son chose brings the cost for Housing and Food to $12395. This is the amount on the invoice. He will also be buying food outside of his meal plan both on campus and off campus. Let's say through these additional purchases, he spends another $7000 a year on food.
My question is - What amount can I withdraw from my son's 529 account as eligible expenses: $19395 ($12395 + $7000), $18405, or $12395?
Assume I will have receipts for the additional $7000 expense.
You'll need to sign in or create an account to connect with an expert.
Duplicate question. Please post your question only once.
The answer provided at your other post is correct.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
rmilling3165
Level 3
in Education
sachinappa
Returning Member
in Education
sachinappa
Returning Member
lnetuschil
New Member
dkshoup
New Member