Comments on: What Are Qualified Expenses For A 529 Plan (And What Doesn’t Count)? https://thecollegeinvestor.com/18450/qualified-expenses-529-plan/ Student Loans, Investing, Building Wealth Fri, 12 Jan 2024 17:09:32 +0000 hourly 1 By: Robert Farrington https://thecollegeinvestor.com/18450/qualified-expenses-529-plan/#comment-479056 Fri, 12 Jan 2024 17:09:32 +0000 https://thecollegeinvestor.com/?p=18450#comment-479056 In reply to Daniel F.

Yes, since the course is provided by a qualified Title IV school, the professional program qualifies. Since this is a professional course, the only eligible expense would be the tuition for the course paid to the school, as well as any books or supplies on the syllabus required for the course. Things like room and board are not covered for this type of program.

]]> By: Daniel F https://thecollegeinvestor.com/18450/qualified-expenses-529-plan/#comment-479038 Thu, 11 Jan 2024 19:37:54 +0000 https://thecollegeinvestor.com/?p=18450#comment-479038 My wife and I have a 529 Plan through Vanguard and the State of Nevada. We are looking at using the plan for a coding boot camp and CFP certification programs through the University of Texas in Austin Center for Professional Education. We were wondering if they would be considered qualified education expenses under the 529 Plan. When we asked the University of Texas they said to contact our plan administrator at Vanguard. When we contacted Vanguard they said to speak to a tax professional. We seem to be hitting many brick walls and were wondering if you had any idea if these tuition and possible housing expenses would qualify for 529 Plans.

Some details about the courses….

-University of Texas Austin is a qualified university per IRS 970
-Tuition is invoiced as a registration fee, no 1098T is furnished
-No cost of attendance is listed for the program
-Per UT, professional education programs are listed as non academic
-Both are considered to be Professional Certificate Programs.

For reference here are the links for the UT programs as well:
https://professionaled.utexas.edu/
https://professionaled.utexas.edu/coding-boot-camp-certificate-program
https://professionaled.utexas.edu/financial-planning-certificate-program

Any insight would be greatly appreciated. Thanks.

]]> By: Robert Farrington https://thecollegeinvestor.com/18450/qualified-expenses-529-plan/#comment-479031 Thu, 11 Jan 2024 06:07:13 +0000 https://thecollegeinvestor.com/?p=18450#comment-479031 In reply to Debora Rinkevich.

No, transportation is one of the few expenses explicitly called out as not qualifying.

]]> By: Debora Rinkevich https://thecollegeinvestor.com/18450/qualified-expenses-529-plan/#comment-479028 Wed, 10 Jan 2024 01:33:21 +0000 https://thecollegeinvestor.com/?p=18450#comment-479028 My son is taking a required class for his major that requires off-site school travel for observation hours at another location. Transportation is not provided by the school, nor is public transportation an option (doesn’t exist) Can I claim the parking pass as an expense as he is essentially required to have a car at school to fulfill the course obligation?

]]> By: Robert Farrington https://thecollegeinvestor.com/18450/qualified-expenses-529-plan/#comment-478900 Sun, 17 Dec 2023 19:50:25 +0000 https://thecollegeinvestor.com/?p=18450#comment-478900 In reply to Scott.

Assuming the apprenticeship is registered with the DOL, you can use the 529 plan for fees, books, supplies, and equipment required. It does not allow for room and board.

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