SIE practice questionmedium529 Plans
Which is a qualified expense for a 529 savings plan distribution?
- APurchase of a car for commuting
- BTuition at an accredited college✓ Correct answer
- CNon-education-related travel
- DPaying off old credit card debt
Explanation
Why B — Tuition at an accredited college
Qualified expenses include tuition, books, and education-related costs at eligible institutions. Cars and unrelated expenses are not qualified.
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