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Education
In regard to the allowable Qualified Education Expense that is payable from a 529 plan - you asked if your meals expense was allowable given that you are a resident student but do not participate in the educational institutions board (meal) plan:
In other words, the maximum allowable expense for the combination of room and board, even if meals are not part of the meal plan, is that amount set by the school if you were using both room and board from the school."Room and Board – If the student is attending college half-time or more and the room and board are paid directly to the college or university this is a qualified expense.
"If room and board are to be paid to a landlord and grocery store, the budget is set by the school and is available to students who are attending half-time or greater. "
If this posted response is useful to you, please click on the upraised hand in the lower left of this post. Thank you. Scruffy Curmudgeon--PFFM/ IAFF, retired FireFighter/Paramedic - Locals 718/30, Veteran USAR O3 AIS/ASA '65-'67
NOT INTUIT EMPLOYEE
USAR 64-67 AIS/ASA MOS 9301 - O3
- Just donating my time
**Say Thanks by clicking the thumb icon in the lower left corner -it means nothing but makes those than answer feel wanted.
NOT INTUIT EMPLOYEE
USAR 64-67 AIS/ASA MOS 9301 - O3
- Just donating my time
**Say Thanks by clicking the thumb icon in the lower left corner -it means nothing but makes those than answer feel wanted.
June 4, 2019
12:13 PM