Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
Using a 529 Plan for Your Childs Unpaid Internship Expenses
Episode 73 dives into a little-known 529 plan strategy: using funds to cover your child's living expenses during an unpaid internship. Lucas and Luna explore the IRS rules, the 2026 cost-of-living adjustments that make this an increasingly popular move, and a concrete example from a University of Texas student who saved $6,000 in taxes. They discuss how to document the internship as a qualified educational activity, the risks of IRS audits on aggressive interpretations, and why this strategy is particularly relevant as employers in finance and tech tighten internship budgets. A…
The skinny
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