This article selection provides essential information regarding what is able to be bought with 529 distributions. 529 plans are investment accounts for minors that are used to pay for qualified educational expenses for a beneficiary. These accounts offer tax benefits and withdrawals are tax free if used for educational expenses. Some of the categories of different purchasable essentials, using a 529, are categorized by educational costs, lifestyle or school supplies, and technology. To read further, click on the short article linked below.
FMG Article Link: What Can You Buy With 529 Distributions