Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Are withdrawals from the account for qualified expenses taxed?

April 26, 2017account expenses qualified TAXED withdrawals

0

Posted

Are withdrawals from the account for qualified expenses taxed?

1 Answer

0

Posted

Distributions used to pay for qualified educational expenses are exempt from federal taxes, and, in some states, from state taxation.* We do not withhold taxes.