Tuesday, December 29, 2015

Computers now a qualified higher ed expense for 529 plans - Stefanie Botelho, University Business

Congress passed and the President is expected to sign the "Protecting Americans from Tax Hikes (PATH) Act of 2015." The passage of this legislation qualifies computer equipment and related technology and services as "qualified higher education expenses" when purchased for use primarily by the beneficiary of a 529 college savings plan during any years the beneficiary is enrolled at an eligible educational institution. The Protecting Americans from Tax Hikes Act of 2015 was created to extend or permanently renew a variety of federal tax provisions, along with a number of new tax changes. "For years, CollegeAdvantage, along with other 529 plans around the country, has lobbied legislators to establish the purchase of computers as a qualified 529 expense. http://www.universitybusiness.com/news/congress-approves-computers-qualified-higher-ed-expense-529-plans

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