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529 WIthdrawal in Year Prior to College Semester
My freshman son's spring 2023 college tuition is due 12/1/22. I plan to pay it with our 529 plan. In the past, I've paid myself rather than the school directly. Are there problems that will arise from withdrawing 529 funds in 2022 for classes in spring 2023? Would I be better off paying the tuition from my bank account by 12/1/22 and getting reimbursed from my 529 1/1/23 or later? I don't know if it makes a difference, but I also have another child in her senior year of college whose spring 2023 tuition isn't due until 2023.
‎November 16, 2022
1:03 PM