Comments on: What Are Qualified Expenses For A 529 Plan (And What Doesn’t Count)?

By: Robert Farrington

Robert Farrington — Mon, 12 Aug 2024 12:09:34 +0000

In reply to Toni Storie. Yes headphones would be covered as an accessory.

By: Toni Storie

Toni Storie — Sat, 10 Aug 2024 19:25:26 +0000

My student starts Tech School with the USAF next month and I’m wondering if a laptop and headphones are qualified expenses as dorm living is expected for her. Most of my reading suggests that a laptop would be covered, but I’m unsure if headphones would be considered a “peripheral device”?

By: Robert Farrington

Robert Farrington — Fri, 02 Aug 2024 15:17:46 +0000

In reply to Marc J. You're correct. This article was originally published in 2016. That number is from 2018 it looks like. Crazy to see that it basically doubled in 6 years.

By: Marc J

Marc J — Fri, 02 Aug 2024 05:07:23 +0000

“For example, using our UCLA estimated cost above, it’s estimated that it will cost $9,800 for room and board off campus. That means that you cannot use more than $9,800 per year from your 529 plan to be “qualified”.”

FYI, the link you provided to the UCLA COA (https://financialaid.ucla.edu/how-aid-works/cost-of-attendance) does not refer to $9,800. Should be $18.609 for 2024-2025?

By: Robert Farrington

Robert Farrington — Fri, 07 Jun 2024 16:43:54 +0000

In reply to Barb. No, that is not a qualifying expense. For K-12 education, only tuition at a school up to $10,000 per year is allowed.