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How are withdrawals for qualified higher education expenses taxed?

April 26, 2017expenses higher education qualified TAXED withdrawals

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How are withdrawals for qualified higher education expenses taxed?

5 Answers

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If you are taking a withdrawal to pay for qualified higher education expenses of the beneficiary, there will be no federal or Kentucky state income tax. Use the Withdrawal Request form (PDF, 81KB).

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If you are taking a withdrawal to pay for qualified higher education expenses of the beneficiary, there will be no federal or Oklahoma income tax. Use the Withdrawal Request form (PDF, 81KB).

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If you are taking a withdrawal to pay for qualified higher education expenses of the beneficiary, there will be no federal or Georgia state income tax. This federal income tax-free treatment of qualified withdrawals and other federal tax benefits are permanently in place for 529 plans through the passage of the Pension Protection Act of 2006. Use the Withdrawal Request form (PDF, 76KB).

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If you are taking a withdrawal to pay for qualified higher education expenses of the beneficiary, there will be no federal or Connecticut income tax. Use the Withdrawal Request form (PDF, 81KB).

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If you are taking a withdrawal to pay for qualified higher education expenses of the beneficiary, there will be no federal or Minnesota income tax. This federal income tax-free treatment of qualified withdrawals and other federal tax benefits are now permanently in place for 529 plans through the passage of the Pension Protection Act of 2006. Use the Withdrawal Request form (PDF, 81KB).