Section 529 Plan Distributions and College Refunds for COVID-19

Tax Notes, Vol. 169, No. 10, 1595-1598, 2020

5 Pages Posted: 4 Jan 2021 Last revised: 5 Jan 2021

See all articles by Ross Riskin

Ross Riskin

The American College of Financial Services

Date Written: December 7, 2020

Abstract

Tax planning and compliance challenges may arise for taxpayers who utilize 529 plans to pay for qualifying education expenses and subsequently receive refunds as a result of COVID-19. This article examines the scenarios taxpayers may be faced with and options available to help preserve the tax-efficiency of these plans and distributions made during college years.

Keywords: 529 plans, tax planning, COVID-19, college refunds, tax compliance

JEL Classification: H21, H25, K34, G51

Suggested Citation

Riskin, Ross, Section 529 Plan Distributions and College Refunds for COVID-19 (December 7, 2020). Tax Notes, Vol. 169, No. 10, 1595-1598, 2020, Available at SSRN: https://ssrn.com/abstract=3744201

Ross Riskin (Contact Author)

The American College of Financial Services ( email )

King of Prussia, PA 19406
United States

HOME PAGE: http://www.theamericancollege.edu

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