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529 Withdrawal for Private Kindergarten Tuition

Forum|Forum|2 years ago
September 30, 2023
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My son currently attends a private school that teaches pre-K through kindergarten students. Obviously, I am not able to use 529 funds for his pre-K years, but am I permitted to place money into a 529 plan and then withdraw it for his Kindergarten tuition? If so, is there a minimum amount of time that the money needs to be in the 529 account before it can be withdrawn?

I live in Pennsylvania and would like to take advantage of the state tax deduction associated with 529 contributions.

Best answer by Hal_Al

Q. Am I permitted to place money into a 529 plan and then withdraw it for his Kindergarten tuition?

A. Yes.

Q. Is there a minimum amount of time that the money needs to be in the 529 account before it can be withdrawn?

A. No

Q. Can I take advantage of the Pennsylvania state tax deduction for 529 contributions under this scenario.

A. Yes

Employee

Champ @Hal_Al can most likely handle this.

Hal_AlAnswer

Employee

Q. Am I permitted to place money into a 529 plan and then withdraw it for his Kindergarten tuition?

A. Yes.

Q. Is there a minimum amount of time that the money needs to be in the 529 account before it can be withdrawn?

A. No

Q. Can I take advantage of the Pennsylvania state tax deduction for 529 contributions under this scenario.

A. Yes