Qualified 529 Plan Distributions

Darby Simmons, CFP®

Finding a comprehensive list of college expenses that qualify for tax-free distribution treatment from a 529 Plan has always been frustrating to me. All I could ever find was general IRS language that offered very little confidence.

Although, I would still prefer one that is more specific, it appears we’re getting closer.

Take a look at the piece that the American Funds put out if you’re considering using your 529 plan to pay for college expenses.