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swellmel1
New Member

Are the fees charged by the 529 plan manager, deductable for income taxes??

 
1 Best answer

Accepted Solutions
Hal_Al
Level 15

Are the fees charged by the 529 plan manager, deductable for income taxes??

No, since the fees are pay with tax deferred funds.

However, if you are billed for and paid the fees outside of the 529 plan, it is deductible as an investment expense, subject to being a misc. itemized deduction, and subject to the 2% of AGI rule.

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1 Reply
Hal_Al
Level 15

Are the fees charged by the 529 plan manager, deductable for income taxes??

No, since the fees are pay with tax deferred funds.

However, if you are billed for and paid the fees outside of the 529 plan, it is deductible as an investment expense, subject to being a misc. itemized deduction, and subject to the 2% of AGI rule.

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