Sentences with phrase «qualified educational expenses such»

Plans are administered by state agencies and organizations as a way for people to save for qualified educational expenses such as tuition, room and board, and textbooks.

It is administered by state agencies and organizations as a way for people to save for qualified educational expenses such as tuition, room and board, and textbooks.

Distributions are tax free as long as they are used to cover qualified educational expenses such as tuition, books, tutoring, related supplies, room and board, uniforms, transportation and computers for primary, secondary, and post-secondary schools

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)

The IRS also allows qualifying individuals to claim tax credits for educational expenses, but, at the time of publication, no such credit is available in California.

Someone other than you, your spouse, or your dependent (such as a relative or former spouse) may make a payment directly to an eligible educational institution to pay for an eligible student's qualified education expenses.

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.

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.

But, lesser - known provisions of IRAs allow for penalty - free early withdrawal for qualifying college educational expenses, such as paying for college, books, and related fees, the IRS says.

That makes your retirement account fair game for funding certain qualified expenses, such as first - time home buying and some health care or educational costs.

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.