Career changers – Using 529 savings for back to school? In ‘09-’10, computer-related costs qualify
Posted on September 22nd, 2009 by Sherrill St. Germain
Photo by Ryan Finnie
In case you missed my recent ten timely tips newsletter… a special follow-up to career changers using 529 savings to cover back-to-school expenses: computer technology, related equipment and/or related services such as Internet access now count as qualified expenses. i.e. You can use tax-free dollars distributed from 529 plans to pay for these items. The catch: This feature expires at the end of 2010. Be sure to review the details and plan your spending accordingly.
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