What expenses can I cover with a 529 plan?
An example of an AI chatbot conversation about 529 plan qualifying expenses.
What expenses can I cover with a 529 plan?
You can use a 529 plan to cover qualified education expenses like tuition, fees, books, and room and board.
Are there any expenses that are not covered?
Yes, expenses like transportation, health insurance, and non-educational expenses are not covered by a 529 plan.
Can I use it for K-12 education?
Yes, you can use a 529 plan for K-12 tuition expenses, but there are limits on the amount you can withdraw tax-free.
What about student loan payments?
No, 529 plans cannot be used to pay off student loans. They are strictly for qualified education expenses.
Use ChatGPT in Telegram
Get this answer and more from ChatGPT in Telegram, try it for free!
Get Started For FreeWhat can MagicBuddy do?
The Friendly AI in Your Pocket
Powered by advanced language models trained on billions of online words and conversations, MagicBuddy delivers friendly and helpful chat on demand.
Ask questions and get answers. Crack jokes and get laughs. Or even get writing ideas and study help. MagicBuddy's conversational intelligence allows for a truly unique and useful chat experience.
Curious? Try these prompts:
Telegram's Best AI-Powered Chatbot
MagicBuddy is incredibly easy to use and the responses are lightning fast! 🥇
Impressive! MagicBuddy is my go-to AI assistant. It’s quick, accurate, and user-friendly.
Sending voice messages makes it easier to use in the middle of the day and the answers are super fast.
Love it! A friend of mine told me about it and it has made my life so much easier. It’s like having a helpful friend in my pocket!
I use 2 months already, simply amazing! MagicBuddy delivers answers in a snap. It’s a must-have tool for staying informed!
Game-changer! MagicBuddy’s speed and accuracy are unmatched. It’s my secret weapon for productivity
Talk to ChatGPT on Telegram
Say Hello to Your New Telegram BFF - Try MagicBuddy Free!
Get Started For Free