Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
How 529 Plans Can Cover Your Child's Driver Education
In this episode of The College Savings Podcast, Lucas and Luna explore an often-overlooked qualified expense for 529 plans: driver education. They dive into the IRS rules for vocational training expenses, using the example of a $1,200 driver's ed program at a certified driving school. Lucas explains how the Tax Cuts and Jobs Act expanded 529 qualified expenses to include K-12 tuition and apprenticeship costs, and how driver education can qualify under the vocational training category if it leads to a commercial driver's license or is part of a registered apprenticeship. They also…
The skinny
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