College Students: Laptop Purchased with 529 Plan
The 529 Plan is one of the better idea for those who can afford it. It is a education savings account that allows parents and students to save and draw money out with incurring taxes. Nevertheless, it's not a free for all. We've learn financial advisors push it as a security against rising educational costs. Laptops are often thrown in as a purchase that is allowable under 529. However, that is not necessary so, as Los Angeles Times reports . What? Not laptops? Onxo only reported the necessity of Twenty-First Century students being trained to used laptops with Internet skills so how can laptops not be allowable under the 529 plan? In fact, should it not be mandatory? Okay, that is a bit extreme. So, if you want to get yourself or your college bound student a laptop for use in school, what are you to do? The codes of 529 specify "tuition, fees, books, supplies, and equipment required for the enrollment or attendance at school". Unfortunately, laptops does
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