IRAs - Traditional
IRA - Paying college education
Withdrawals from a regular IRA that are used for higher educational expenses at a post-secondary school are not subject to the 10% penalty on early withdrawals that is reported on IRS Form 5329. Qualified expenses include tuition, books, fees, supplies and room and board if student is at least a half-time student.
Need Professional Help?
If you need help with "IRAs - Traditional" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.