Does Laptop Qualify as Expense in 529 Account?
Apparently, the IRS rules for Section 529 qualified expenses are more strict than the Coverdell Plans, but specifically allow for the following expenses as follows; • Tuition • Room and Board (student must be enrolled at least half-time) • Computers / Laptops (only if the school requires them) • Books and Supplies (as required by the university) Thus, in your case since the University requires you to have a computer, this expense would considered an eligible expense in your case.
