Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
Using 529 Plans for Your Child's Driver Education
In this episode of The College Savings Podcast, Lucas and Luna explore an often-overlooked 529 plan expense: driver education. They walk through IRS rules for qualified expenses, the difference between a high school driver's ed course and a commercial driving school, and how a teen's behind-the-wheel training can qualify if part of an eligible educational program. Using a real family scenario from Ohio, they show how $1,200 in driving school costs could be reimbursed from a 529 account. They also address common pitfalls, including recordkeeping requirements and the risk of a…
The skinny
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