Withdrawals from a 529 plan are tax-free to the extent the account beneficiary incurs "qualified higher education expenses," or QHEE. The list of eligible expenses includes tuition, mandatory fees, books, supplies, equipment and the expenses of special needs beneficiaries. It also includes a capped amount of room and board if the beneficiary is at least a half-time student. However, QHEE does not include student loan repayments.
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