Solved

Can 529 plans be used for secondary education, i.e. high school?

Forum|Forum|6 years ago
June 3, 2019
2 replies
0 views

No text available

TurboTax Deluxe Online

Best answer by kprice3

Yes. As of 2018, the term “qualified higher education expense” includes up to $10,000 in annual expenses for tuition in connection with enrollment or attendance at an elementary or secondary public, private, or religious school. This is in effect for education expenses incurred in 2018.

For 2017 tax returns, 529 plan money can be used for dual status student's ( high school students that are enrolled in college level classes) college tuition and fees.

K

kprice3Answer

Yes. As of 2018, the term “qualified higher education expense” includes up to $10,000 in annual expenses for tuition in connection with enrollment or attendance at an elementary or secondary public, private, or religious school. This is in effect for education expenses incurred in 2018.

For 2017 tax returns, 529 plan money can be used for dual status student's ( high school students that are enrolled in college level classes) college tuition and fees.

B

blizzards76

How do I navigate this in turbotax? all of the question sets seem to drive me to post secondary requirements for deducibility.

D

Dcbuckmiller

I am having the same issue. The 529 plan issues a 1099 Q form which is reportable by law. Put the TurboTax algorithm reduces my refund by almost $2,000. The high school does not issue a 1098-T form. Did you ever receive a reply and how to navigate this in TurboTax?