529 Plans

Using 529-Plan Money for College Overseas

If your son or daughter plans to attend college abroad, here's what you should know.

Question: My daughter may go to college in Europe next year. Can we use her 529 college-savings money tax-free outside of the U.S.? - S.S., Lubbock, Texas

Answer: Yes. You can use 529 money tax-free at any college that is elig­ible for federal financial aid, which includes more than 400 foreign institutions, says Mark Kantrowitz, of Savingforcollege.com. To look up eligible schools, go to www.savingforcollege.com/eligible_institutions.

Most Popular

Your Guide to Roth Conversions
Special Report
Tax Breaks

Your Guide to Roth Conversions

A Kiplinger Special Report
February 25, 2021
7 Best Commodity Stocks to Play the Coming Boom
commodities

7 Best Commodity Stocks to Play the Coming Boom

These seven commodity stocks are poised to take advantage of a unique confluence of events. Just mind the volatility.
September 8, 2021
Stock Market Holidays in 2021
Markets

Stock Market Holidays in 2021

Is the stock market open today? Take a look at which days the NYSE, Nasdaq and bond markets take off in 2021.
September 2, 2021

Recommended

Free (or Cheap) College for Retirees in All 50 States
retirement

Free (or Cheap) College for Retirees in All 50 States

Whether it's to complete a degree, gain new knowledge or just for fun, retirees can collect their books and get on (back) to school in a most inexpens…
August 25, 2021
11 Things You Don’t Need for College
college

11 Things You Don’t Need for College

College sticker shock when you first see the bill for tuition, room and board (and all those nebulous activity fees) is bad enough.
August 13, 2021
School’s Out for Summer … But Tuition Is Back in the Fall
Paying for College

School’s Out for Summer … But Tuition Is Back in the Fall

Giving the gift of education never goes out of style. Here are some different options for helping out the young person in your life.
July 31, 2021
States Boost 529 Plan Incentives
529 Plans

States Boost 529 Plan Incentives

Many states provide a tax break for residents, and now they're offering matching contributions and other perks.
July 9, 2021