MaryK4
Expert Alumni

Education

Students can use a 529 plan to pay for online courses if the tuition and fees are paid to an eligible institution. An eligible institution is a college or university that is eligible for Title IV federal student aid.  Because the school does not issue a 1098-T, you will have to keep records of your classes and tuition, proof of payment and transcripts to show completion of courses.

 

Yes, you can contribute to a 529 as self-employed if you are otherwise qualified.  

 

You can contribute to a Roth IRA if you have compensation and are within the income limitations.  A solo 401k is tax deferred unless you set it up with a Roth option- but a solo 401k provides less flexibility of you do not continue the business and there are other reporting requirements. 

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