By Mary Anne Busse
Managing Director, Great Disclosure LLC
February 8, 2013
So, you want to save for college and you’re trying to figure out the right way to do it. You’ve learned about 529 Plans and want to have a better understanding of what you can use the funds in your account for. Look no further. In this post, we’ll give you the 411 on what to do with all that money in your 529 Plan account.
Qualified Higher Education Expenses
In order to encourage saving for college, Section 529 of the Internal Revenue Code allows taxpayers to save for college in a tax-advantaged way. Section 529 generally allows you to use funds in your account for Qualified Higher Education Expenses (as defined in the Internal Revenue Code and described in Publication 970[/1]