Scholarship Stipend and 529 Plan

DadTwoGirls
Thu, 31 Aug 2017 00:07:19 +0000

Now I appear to be confused. The IRS publication 970 “tax benefits for education for use in preparing 2016 returns” says:

"Qualified education expenses don't include the cost of:
 - Room and Board,
 - ..."

https://www.irs.gov/pub/irs-pdf/p970.pdf

But Fidelity’s web site says:

 What expenses can I use the money for?

  Money withdrawn from the 529 plan account can be used for a wide range of
  qualified higher education expenses, such as room and board, tuition,
  books, and computer equipment. Refer to your enrollment kit for a full list of
  expenses covered by your state's plan.

https://www.fidelity.com/529-plans/faqs-paying-for-college

So the two don’t seem to agree.