529 qualified expenses

Qualified Education Expenses

What can you use your 529 investments for?

Earnings on my529 investments are tax-free when spent on qualified education expenses.

tuition & books icon

Tuition and mandatory fees.

supplies icon

Books, supplies and required equipment.

room & board icon

Room and board for students enrolled at least half-time. (Cost incurred for room and board cannot exceed the allowance for room and board included in the cost of attendance as determined by the eligible educational institution, or, if greater, the invoice amount a student living in housing owned or operated by the eligible educational institution is charged for room and board.)

computer icon

Computers, peripheral equipment, educational software and internet access.

apprenticeships icon

Costs for registered apprenticeships, including fees, books, supplies and equipment required for participation. (To qualify, apprenticeship programs must be registered under Section 1 of the National Apprenticeship Act.)

K-12 Tuition Payments

K-12 tuition expenses at public, private or religious schools. (Withdrawals for K-12 tuition expenses cannot exceed a combined total of $10,000 per beneficiary per calendar year from all 529 accounts held for the beneficiary.)

Qualified education loan payments

Payments on qualified education loans for the beneficiary or a sibling of the beneficiary. (Withdrawals for loan repayments are limited to a total of $10,000 from all 529 accounts.)