Avoid Extra 529 Taxes Triggered By A University Refund?

Published on Sunday, December 10, 2023

Photo by Mpho Mojapelo on Unsplash

On Saturday, October 7th, I awoke to find a text from my daughter telling me to not worry and that she was safe. Of course her text had the opposite effect! In her senior year, she was attending a study abroad program in Jerusalem.

The university ended the program early and sent the students home. My daughter was pretty sure the university wouldn’t refund any of the program fees but we were pleasantly surprised when they posted a refund to her university account at the beginning of December.

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