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

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

posted

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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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.