Glossary

1 5 A B C D E F G H I L M N P Q R S T U W Y
1 5 A B C D E F G H I L M N P Q R S T U W Y

Q

  • Qualified Distribution

    A qualified distribution is a withdrawal of funds from a 529 plan that are used to pay for qualified expenses. Qualified distributions are tax-free.

  • Qualified Expenses

    Qualified higher education expenses for a 529 plan include tuition, fees, the cost of required textbooks, supplies and equipment, room and board costs (if the student is enrolled at least half-time), a computer, peripherals, software and internet access. It also includes special needs expenses. It does not include transportation, dependent care costs or personal/miscellaneous expenses.

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