I have a 529 plan that I funded myself with myself as the beneficiary. I created it to fund a higher education degree for myself.
My school has been including a scholarship on the statement as a deduction from the initial amount.
Considering the scholarship exception, am I allowed to withdraw the amount equal to what is shown from my 529 plan without the 10% penalty? But I will have taxes on this amount correct?
I also have tuition assistance from my employer, which covers a portion of the tuition up to the maximum $5,250 tax free amount. My total tuition exceeds that amount, so I am assuming the additional out of pocket I have to pay for tuition is additionally tax free?
