certain expenses for a special-needs student and.books, supplies and equipment related to enrollment and class schedule and.computer equipment and related technology as well as internet services.Room and board costs can also include rent for off-campus residency -including apartment, homes, and Greek fraternities and sororities houses - and groceries (non-taxable items only), provided these costs are equal or less than the same room and board allowances from the accredited education institution room and board during any academic period in which the 529 beneficiary is enrolled for at least half of the full-time academic workload according to the eligible education institution.Qualified higher education expenses include: What makes a higher education expense qualified? If the cost is required for enrollment or attendance at a post-secondary educational institute, then it will mostly like be qualified. One is that 529 withdrawals are tax-free for qualified higher education expenses. Labor Department.īy saving in 529 education savings account, you receive three tax benefits. And there are all kinds of schools after high school at which you can use at 529 account, including four-year colleges and universities, two-year community colleges, trade or vocational schools, technical schools and certificate programs, as well as apprenticeships approved by the U.S. When you save with Ohio’s 529 Plan, CollegeAdvantage, you are investing for your children’s future education.
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