If one has a child entering college 2020-21 and tuition is approximately $4,300 for the year, can one use the saved-up college NY529 funds to pay the tuition and still claim the applicable higher education credits/deduction? Are there more advisable options, such as paying the $4,300 out of pocket and using the NY529 funds for another child K-12?
Jul 29th 2020
Clarify 529 funds and education credits/deductions
A reader has a question about using 529 funds and still claiming education credits.
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