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Food expenses and meal plans (which fall within the “board” section of room and board) are a frequent use for 529 savings because of the ease of documentation. The funds can be used to buy groceries and other meals, so long as proper documentation of the receipts is maintained.

You can use your 529 plan to cover rent, utilities and grocery bills up to the college's allowance for room and board, which you'll find posted on their website or by calling the financial aid office.

You can use a 529 plan to pay for qualified room and board expenses like rent, other housing costs, and meal plans. This applies to on-campus and off-campus room and board as long as you incurred the costs while the beneficiary was enrolled at school.

Just as there are no federal tax deductions for 529 Plans, North Carolina also does not offer in-state tax deductions for contributions to NC 529 Accounts. The incentive for 529 plans is that after-tax money grows free of federal and state taxes and will not be taxed when the money is taken out for education.

529 Qualified Expenses: What You Can Use a 529 Plan For 529 qualified expensesNon-qualified expenses Tuition and fees Travel Room and board Transportation Textbooks Phones or tablets Computer for classwork Fraternity, sorority or club fees4 more rows • Jun 29, 2023

Simply sign in to your account and follow the steps for a non-qualified withdrawal. You can also download and complete a Request for Withdrawal and email, mail, or fax it to the NC 529 Plan. You'll also be responsible for taxes and penalties for the non-qualified withdrawal.

Qualified Education Expenses include tuition, books, fees, room, board, supplies, computers, and related technology to name a few. When the designated Beneficiary does not utilize the balance you can designate a new Beneficiary in most instances.

If you move to another state, you can keep your money invested and continue making contributions to your ScholarShare 529 account—no problem!

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232