Sentences with phrase «expenses at an eligible institution»

The distributions from these accounts will not be taxed if the amount in the account is less than the beneficiary's educational expenses at an eligible institution.

The beneficiary will not owe tax on the distributions if they are less than a beneficiary's qualified education expenses at an eligible institution.

Not exact matches

Qualified Expenses: Tuition and fees required for enrollment or attendance at an eligible postsecondary educational institution, not including personal, living, or family expenses (such as room anExpenses: Tuition and fees required for enrollment or attendance at an eligible postsecondary educational institution, not including personal, living, or family expenses (such as room anexpenses (such as room and board)

• Course - related expenses, such as fees, books, supplies, and equipment that are required for the courses at the eligible educational institution.

For purposes of tax - free scholarships and fellowships, these are expenses for: • Tuition and fees required to enroll at or attend an eligible educational institution.

You can use 529 plan funds to pay for study abroad expenses if the study program at the foreign institution is eligible for credit at the student's US home institution, and if the foreign institution is eligible for Title IV federal student aid, which can be determined by looking for the federal school code.

They can help to pay for qualified education expenses such as tuition, fees and books, as well as certain room and board costs at eligible educational institutions.

Qualified education loans are defined in both the Tax Code and the Higher Education Act as debts incurred solely to pay for (i) qualified higher education expenses (ii) at an accredited institution by (iii) an eligible student.

It is important to note all of these plans are for qualifying educational expenses at eligible educational institutions.

The beneficiary must be attending an accredited institution at least half - time for room and board to be considered an eligible expense.1

Contributions to a Coverdell Account are not deductible, but amounts deposited in the account grow tax - free until distributed, and there is no tax on distributions if they are for enrollment or attendance at an eligible educational institution or qualified education expenses, such as tuition and fees, required books, supplies and equipment and qualified expenses for room and board.

NextGen account funds can be used for qualified expenses at eligible higher education institutions.

(iii) expenses paid or incurred in 2009 or 2010 for the purchase of any computer technology or equipment (as defined in section 170 (e)(6)(F)(i)-RRB- or Internet access and related services, if such technology, equipment, or services are to be used by the beneficiary and the beneficiary's family during any of the years the beneficiary is enrolled at an eligible educational institution.

2) Qualified higher education expenses The term «qualified higher education expenses» means the cost of attendance (as defined in section 472 of the Higher Education Act of 1965, 20 U.S.C. 1087ll, as in effect on the day before the date of the enactment of the Taxpayer Relief Act of 1997) at an eligible educational institution, reduced by the sum of --

Qualified Higher Education Expenses for section 529 plans typically include tuition, fees, books, supplies and equipment required for enrollment or attendance at an eligible higher education institution.

As bankruptcy attorney Craig Andresen says, «For example, perhaps you were not an «eligible student» at the time the private student loan was made to you; or maybe the loan was not incurred to pay «qualified education expenses»; or perhaps the loan was not for attendance at an «eligible education institution» because the school was not accredited under Title IV of the Higher Education Act.

Only expenses incurred at certain educational institutions, such as a college, university, vocational school, or other postsecondary educational institution eligible to participate in the student aid programs administered by the U.S. Department of Education are eligible.

ESA contributions are not tax - deductible, but they may earn interest tax - deferred until distributed, and the child will not owe tax on any distribution from the account if it is equal to or less than the child's qualified education expenses at an eligible educational institution for the year.

These qualified education expenses are tuition, fees, books, supplies and equipment required for the enrollment to or attendance at an eligible educational institution.

529s allow individuals to prepay or save for qualified education expenses at eligible educational institutions.

Room and board expenses are qualified expenses, as long as they don't exceed the amount determined by the eligible educational institution for a student enrolled at least half time.

Qualified education expenses include tuition and fees required for enrollment or attendance at an eligible postsecondary educational institution, but not including personal, living, or family expenses, such as room and board.

Qualified higher education expenses include tuition, fees, and the cost of books, supplies, and equipment required for the enrollment and attendance of the beneficiary at an eligible educational institution, and certain room and board expenses.

Qualified higher education expenses also include certain additional enrollment and attendant costs of a beneficiary who is a special needs beneficiary in connection with the beneficiary's enrollment or attendance at an eligible institution.

A qualified education expense is one that is required for the enrollment or attendance by your child at an eligible educational institution, including elementary, secondary or post-secondary institutions.

But the publication does cite «expenses related to enrollment or attendance at an eligible educational institution.»

These qualified education expenses are tuition, fees, books, supplies and equipment required for the enrollment or attendance of a student at an eligible educational institution, and must be used in the year of the withdrawal.