Solved: Can I use an IRA withdrawal without penalty to pay tuition expenses for my son in years that I cannot claim him as a dependent due to divorce decree?

Can I use an IRA withdrawal without penalty to pay tuition expenses for my son in years that I cannot claim him as a dependent due to divorce decree?

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Yes, paying higher education expenses for your son is an exception to the early-distribution penalty. Being your dependent is not a requirement to be able to use this penalty exception.

https://www.irs.gov/publications/p590b#en_US_2017_publink1000230919

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Yes, paying higher education expenses for your son is an exception to the early-distribution penalty. Being your dependent is not a requirement to be able to use this penalty exception.

https://www.irs.gov/publications/p590b#en_US_2017_publink1000230919

In the event of a divorce with two children. Each parent files as "Head of Household" and claims one child. Can one parent use their FSA to pay for both children? or, Must each parent use their own FSA for the child that is claimed as their dependent?

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Can I use an IRA withdrawal without penalty to pay tuition expenses for my son in years that I cannot claim him as a dependent due to divorce decree?

Can I use an IRA withdrawal without penalty to pay tuition expenses for my son in years that I cannot claim him as a dependent due to divorce decree?

Can I use an IRA withdrawal without penalty to pay tuition expenses for my son in years that I cannot claim him as a dependent due to divorce decree?

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Can I use an IRA withdrawal without penalty to pay tuition expenses for my son in years that I cannot claim him as a dependent due to divorce decree?

Can I use an IRA withdrawal without penalty to pay tuition expenses for my son in years that I cannot claim him as a dependent due to divorce decree?

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