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September 28, 2022
Question

Does private high school count as a deductible expense against 10% early withdrawal from IRA, or does it have to be college or university? What is the exact requirement

  • September 28, 2022
  • 1 reply
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1 reply

DoninGA
Employee
September 28, 2022

Sorry, no.

The 10% early distribution exemption from an IRA is only for qualified higher education expenses at an eligible educational institution.

An eligible educational institution is a school offering higher education beyond high school. It is any college, university, trade school, or other post secondary educational institution eligible to participate in a student aid program run by the U.S. Department of Education.

wkassinAuthor
September 28, 2022

Got it, thanks!