Hal_Al
Level 15

Education

Q.  Can I withdraw funds from his 529 plan to pay his spring tuition bill this December without paying taxes or a penalty?

A. Yes.  In fact, the 529 plan withdrawal (distribution) year MUST match the actual  year the payment was made in.   Payment of tuition for the first term of the following year (2025) is a qualified educational expense for the current year (2024). So, you will be doing it correctly. 

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