This fall, I will have two students in college with qualified expenses. Will each student's qualified expenses and matching withdrawals be handled separately, or does the IRS lump everything together?
The money will be coming out of two separate accounts - one for son, one for daughter. Expenses for son will only be off campus rent, food and books. I already have documentation of the school's off campus Cost of Attendance amount that I can withdraw. For my daughter, I will have full costs directly billed from the university.
There is so much info out there for saving, but not much info for how to use ESA/529 accounts appropriately.