Content overview: “529 Plan Tax-Free Withdrawals: Covering Rent, Utilities, and Food for College Students”. A 529 plan can cover more than just tuition. According to a recent discussion, a family worked out a monthly budget of $1,500 for a college student's share of rent, utilities, and food, including groceries and meals on campus. These are all qualified education expenses for 529 plans, meaning withdrawals for these costs are tax-free. This flexibility makes 529 plans a powerful tool for families managing off-campus living expenses.
With rising college costs, understanding what counts as a qualified expense can save families thousands in taxes. Always keep receipts and documentation to prove expenses are for the beneficiary's education. Nova Global News curates publicly available headlines and summaries with source attribution. Third-party article rights, trademarks, images, and publisher names belong to their respective owners; The full version stays on the original page, which this listing opens directly.