Hal_Al
Level 15

Education

Your question is not clear.

 

Did you mean maximum 529 distribution (withdrawal)?  That not only depends on how  much expenses you have (tuition, fees, books, a computer, room & board) but also on how much scholarship you have and whether you are eligible for a tuition credit and which credit. 

 

There are three things you can do with your Qualified educational expenses (QEE):

  1. Allocate then to scholarships (so that the scholarship remains tax free)
  2. Use them to claim an education credit
  3. Allocate them to the 529 distribution (1099-Q) so that it will not all be taxable