<p>If I withdraw money from 529 plan right now to pay next spring semester college tuition bill, does it consider as paying qualified education expanses for 2014? Thanks. </p>
<p>If the expenses were billed in 2014, you shouldn’t have any problem. Just make sure that the 529 distribution and the actual payment of the expenses take place in the same calendar year.</p>
Late reply here but I think the OP was asking to pay in 2014 for 2015 spring. While IRS does not explicitly prohibit that, it is GAAP process (I heard - no CPA here), that : Withdraw in 2015, to pay for 2015". Only then, you are certain that your QEE will be tax free for 529 withdrawal.