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mhsieh33
Level 1

Are international elementary schools eligible schools for 529 plan withdrawals?

Hi,

My daughter goes to an international elementary school in Hong Kong.  Would we be able to withdraw up to $10,000 per year to pay for her school tuition?  I see on page 51 of Publication 970 (https://www.irs.gov/pub/irs-pdf/p970.pdf:(

 

Eligible elementary or secondary school. An eligible
elementary or secondary school is any public, private, or
religious school that provides elementary or secondary
education (kindergarten through grade 12), as determined
under state law.

 

So does this mean the elementary school needs to be in a US state?  I tried calling the IRS helpline but they did not give me an answer and suggested I ask an accountant.

 

Thanks,

Mike

1 Reply
NCperson
Level 15

Are international elementary schools eligible schools for 529 plan withdrawals?

The words “as determined by state law” were purposeful, so unless the school in HK complies with state law , I don’t see how the 529 money can be used .... does the school comply with state law did the state where the 529 plan is administered?

Note the IRS suggested checking with an accountant and an anonymous community board is not that , so this is just one person’s educated opinion
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