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Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs

Using Your 529 Plan for a Child's Tech Startup

Lucas and Luna explore how parents can use a 529 plan to fund a child's technology startup, covering eligible expenses like prototype development, software licensing, and legal fees. They discuss the IRS's 'course of study' test, real-world examples of student entrepreneurs, and tips for documenting expenses to avoid penalties. Tune in to learn how to support your young founder's education and business goals with tax-advantaged savings.

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The skinny

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