Can I use 529 funds for K-12 education?
An example of an AI chatbot conversation about using 529 funds for K-12 education.
Can I use my 529 plan funds for my child's K-12 education?
Yes, you can use 529 plan funds for K-12 education expenses, but there are limits.
What are the limits on how much I can withdraw for K-12 expenses?
You can withdraw up to $10,000 per year per student for K-12 tuition.
Are there any other expenses I can cover with 529 funds for K-12?
Yes, 529 funds can also be used for certain fees, books, and supplies related to K-12 education.
What happens if I withdraw more than the allowed amount?
If you withdraw more than the allowed amount, you may face taxes and penalties on the excess.
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