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College and University Discussion
Reply to "529 and taxes question"
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[quote=Anonymous][quote=Anonymous]My kids (still just 13 & 14) can go to the university where I work and tuition is covered 100%. Since we don't know if they will go there, we've been saving in their 529s. If they do, then the tuition benefits are taxed (I think like income). I'm wondering if we can use the 529 to pay the taxes owed? I'm not even sure I understand this all correctly, any advice would be helpful. [/quote] Use the 529 to pay for room and board, books, fees, computers, etc. I doubt you can use it to pay your taxes.[/quote]
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