Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
How 529 Plans Cover Your Childs Off-Campus Internet and Phone Bills
In this episode of The College Savings Podcast, Lucas and Luna explore the recent IRS clarification that allows 529 plan funds to pay for off-campus internet service and cell phone bills as qualified education expenses. They break down the exact IRS rules from 2026, explain how the Tax Cuts and Jobs Act expanded the definition of 'qualified higher education expenses' to include technology and connectivity costs, and provide a concrete example: the Smith family saving $1,200 per year in tax-free distributions by paying for their daughter's off-campus apartment internet and cell…
The skinny
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