One year to go - the 529 contribitions

Paying for College
15

<p>@patertrium, the source tax publication for all things educational is IRS Pub 970. Taxable scholarships/grants, the AOTC and other tax credits/deductions and 529 and ESA distributions. The main thing is you can’t get more than one tax benefit based on the same expenses, they have to be coordinated. The AOTC is the most valuable of the tax credits/deductions but you can only use one of them in the same tax year. R&B is QEE for 529/ESA distributions but not for the AOTC.</p>

<p><a href=“http://www.irs.gov/pub/irs-pdf/p970.pdf”>http://www.irs.gov/pub/irs-pdf/p970.pdf&lt;/a&gt;&lt;/p&gt;