turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

rdny31
New Member

For 2018 and beyond, may I use 529 funds to pay for my sons before and after care (both are K-12)? May I also continue to put 5,000 into FSA for the before and aftercare?

With the next tax law, i am trying to understand what i can use the 529 funds for.  I believe i can use them for K-12 before and aftercare for both my sons, as my wife and I both work.  Prior to 2018, I contributed 5,000 annually into a FSA to pay for younger son's daycare and now that he starts Kindergarten this September, I want to see if i can continue having an FSA in addition to using the 529. 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

For 2018 and beyond, may I use 529 funds to pay for my sons before and after care (both are K-12)? May I also continue to put 5,000 into FSA for the before and aftercare?

As of 2018, 529 plans can also be used for private elementary and high school. Parents can withdraw up to $10,000 per student per year to spend on tuition, but not on additional expenses or activities which is what the day care is considered ... but you can continue to contribute & use the FSA. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question