Distributions from IRA to pay for college education

Submitted by Ken L. Stone on Wed, 2020-06-17 18:22

Can a person take a distribution from an IRA pre 59.5 to pay for college education of a child an avoid the 10% penalty? If yes what is the max amount that can be withdrawn?



Submitted by Alan - IRA critic on Wed, 2020-06-17 20:13

  • Yes, and there is no dollar maximum. However, there are special requirements with respect to the eligible expenses and distribution timing. See p 23 in Pub 590 B below:
  • https://www.irs.gov/pub/irs-pdf/p590b.pdf

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