529 Distributions & College Refunds

529 Distributions & College Refunds

Important to remember as we try to get our college students back to school:  Distributions from 529 plans must be used to pay qualifying expenses incurred during the tax year.

If you receive a refund of tuition, fees, or room and board paid from 529 plan funds, put that money back into the 529 plan within 60 days.

See this article for more specifics.

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