My granddaughter has to pay a $247 parking pass per term for keeping her car at her college. Is this covered by 529?
A parking pass is not a qualified expense under 529 rules. 529 money could still be used to pay for the pass, but the earnings portion of the amount used from the 529 would be subject to income tax and a 10% additional tax.
Thanks. I guess parking pass is NOT "required for a beneficiary to enroll or attend an eligible institution".
I would say that's a true statement.