Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
How 529 Plans Can Pay for Your Child's Military Service Academy Costs
In Episode 40 of The College Savings Podcast, Lucas and Luna explore a little-known but powerful use of 529 plans: covering the costs of attending a U.S. military service academy like West Point, the Naval Academy, or the Air Force Academy. While tuition is free at these institutions, there are still significant expenses for uniforms, equipment, travel, and supplies that can add up to thousands of dollars per year. Lucas breaks down the specific rules from the IRS and the Tax Cuts and Jobs Act that allow 529 funds to be used for these qualified expenses, including room and board for academy…
The skinny
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