Can 529 Funds Pay the Mortgage?   New

Can 529 plan funds help cover a student's mortgage? This course explores that increasingly relevant planning question and explains how qualified tuition program distributions may apply to off-campus housing costs. Learn how half-time enrollment, qualified higher education expense rules, and the school's published cost-of-attendance allowance affect the amount that may be withdrawn tax-free. A practical example shows how the limits work and highlights the possible continued availability of mortgage interest and property tax deductions. You will also see how newer 529 plan options may help families put excess funds to better use.

Materials used for this course were supplied by Spidell's Federal Taxletter.

This overview course may be appropriate for professionals at all organizational levels.

CeriFi CPEdge is committed to bringing innovative solutions to you, now including nano-learning! As per NASBA Standards, a nano-learning course is a 10-minute, electronic, self-study course in which you are eligible to earn 1/5 (or 0.2) CPE credits.

At this time, nano-learning is not accepted by all state boards. If you are not sure whether your state board accepts nano-learning, you can ask your state board or visit the NASBA registry: (nasbaregistry.org).