Permalink Submitted by mk foss on Wed, 2009-08-12 20:58
Yes. The exception from the 10% penalty is for higher education of the account owner, spouse or descendent. The withdrawal must occur in the same year that the qualifying expenses are paid. Remember, it’s still taxable, only the penalty goes away.
Permalink Submitted by mk foss on Wed, 2009-08-12 20:58
Yes. The exception from the 10% penalty is for higher education of the account owner, spouse or descendent. The withdrawal must occur in the same year that the qualifying expenses are paid. Remember, it’s still taxable, only the penalty goes away.