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Financial Planning / Paying For College
|Subject: Re: 529 and tax credits||Date: 1/11/2013 12:08 PM|
|Author: comorgan||Number: 8014 of 8112|
if they need a computer for high school, or they are in summer camps, you can use the custodial money to pay for that.
My understanding is:
1. 529 money cannot be spent until the student is in college
2. even if the student is in college, 529 money cannot be spent on a computer unless the college requires that students have their own computers
Maybe I misunderstood what is meant by "custodial money".
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