Sentences with phrase «education expenses within»

Under the current law money withdrawn from the plan must be used for qualifying higher education expenses within the same tax year.

Not exact matches

Because most individual tax credit and deduction programs often reimburse parents only marginally for their private schooling expenses, the programs don't place private education within reach for many lower income families.

Except as set forth in paragraph (D)(2) of this appendix, recipients will attribute to an individual claiming disadvantaged status any assets which that individual has transferred to an immediate family member, or to a trust, a beneficiary of which is an immediate family member, for less than fair market value, within two years prior to a concern's application for participation in the DBE program, unless the individual claiming disadvantaged status can demonstrate that the transfer is to or on behalf of an immediate family member for that individual's education, medical expenses, or some other form of essential support.

The interest on both bond types can be tax free if used for qualified education expenses as long as you fall within the income limitations ($ 92, 550 for single filers or $ 146,300 or joint filers).

Money within 529 accounts can be used for any «qualified higher education expense», which can include; tuition and fees, room and board, books, and even money for a computer, computer software or internet access for the student.

If you need to withdraw from a class, or if there is a refund of funds for qualified higher education expenses, you may redeposit funds to your 529 plan within 60 days without penalty.

Even though access to assets within the trust is restricted, the trust can still pay, at the trustee's discretion, for important expenses such as transportation, home health care, education, rehabilitation, computer equipment, and medical and dental care that are not covered by private policies, Medicare or Medicaid.