You may pay for computer hardware, software and internet access fees while enrolled.
Computers, peripheral computer equipment, software and internet access expenses are each qualified while the beneficiary is enrolled at the eligible education institution. Internet costs for the student’s residence are qualified.
Larry’s child used his phone as a “computer” last year. This year he is using a laptop, and next year he may use an iPad or similar device. Any of these “computers”, learning software, and helpful peripherals (such as keyboards, microphones, video devices, scanners) can be qualified purchases with 529 funds.
If my child lives with me and is a 1/2 time student, the child’s 529 account can help pay for the home internet service.
No statement or example on this site should be considered a specific recommendation for your personal situation. Investing and tax strategies each carry significant risks. Examples herein may not apply to your situation. Please consult your estate attorney, tax advisor, or financial advisor for personal advice.