Sentences with phrase «qualified educational expenses without»

UESP account funds can be used to pay for tuition, fees, books, supplies, and other qualified educational expenses without tax penalty at many higher education institutions outside the United States.

If you have had the account for 5 years, and are under 59 1/2, you can withdraw the earnings for qualified educational expenses without the penalty but you will still have to pay taxes on them.

Not exact matches

It gives you the opportunity to contribute up to $ 2,000 per child per year to save for primary or secondary education; it gives you the ability to make contributions until April 17, 2018, for tax year 2017; it gives you the ability to make tax - free withdrawals as long as the money is used for qualified educational expenses; and it gives you the ability to transfer the account to another family member without penalties or taxes.