COLLEGE SAVINGS 101

Computers

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Changes to 529 plans may be coming soon

Congressman Kevin Brady (R-Texas), Chairman of the House Ways and Means Committee, filed a bill to extend a variety of recently expired or soon to expire tax provisions.

| H.R. 529 | | Computers | | Tax-free redeposit |
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Can I use my 529 plan to buy electronics?

A question that’s been on the minds of families for some time now is whether or not “supplies and equipment” includes electronics such as computers, smartphones and tablets.

| 529 plan | | saving for college | | paying for college | | qualified expenses | | computers | | 529 plan withdrawals | | room and board |
 

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