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

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

529 Withdrawal for Private Kindergarten Tuition

My son currently attends a private school that teaches pre-K through kindergarten students.  Obviously, I am not able to use 529 funds for his pre-K years, but am I permitted to place money into a 529 plan and then withdraw it for his Kindergarten tuition?  If so, is there a minimum amount of time that the money needs to be in the 529 account before it can be withdrawn?

 

I live in Pennsylvania and would like to take advantage of the state tax deduction associated with 529 contributions.

Connect with an expert
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 Best answer

Accepted Solutions
Hal_Al
Level 15

529 Withdrawal for Private Kindergarten Tuition

Q.  Am I permitted to place money into a 529 plan and then withdraw it for his Kindergarten tuition? 

A. Yes.

 

Q. Is there a minimum amount of time that the money needs to be in the 529 account before it can be withdrawn?

A. No

 

Q. Can I  take advantage of the  Pennsylvania state tax deduction for 529 contributions under this scenario. 

A. Yes

 

 

View solution in original post

2 Replies

529 Withdrawal for Private Kindergarten Tuition

Champ @Hal_Al can most likely handle this.

Hal_Al
Level 15

529 Withdrawal for Private Kindergarten Tuition

Q.  Am I permitted to place money into a 529 plan and then withdraw it for his Kindergarten tuition? 

A. Yes.

 

Q. Is there a minimum amount of time that the money needs to be in the 529 account before it can be withdrawn?

A. No

 

Q. Can I  take advantage of the  Pennsylvania state tax deduction for 529 contributions under this scenario. 

A. Yes

 

 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies