MonikaK1
Employee Tax Expert

Get your taxes done using TurboTax

Yes, funds from 529 plans can be used for room and board, whether you're living on-campus or off-campus. Room and board is a qualified education expense under 529 plans, up to your school's cost of attendance.

 

Please see this TurboTax tips article for more details on 529 plans.

 

You cannot take a deduction or receive an education credit for room and board, optional fees (such as for student health insurance), transportation, or other similar personal expenses.

 

Please see this TurboTax tips article for more information on education credits.

 

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