sheahuang

529 college savings plan money for ballet supplies?

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Does anyone know if you can use 529 college savings plan money for ballet supplies if you are enrolled as a dance major in college? The rules for withdrawal of funds from 529 plans indicate any expense needed to attend that particular school. So, computers and printers are now covered. Food needs if the meal plan does not fully cover all meals is allowable as well as utility bills if you live off campus. So if your major requires you to have said supplies (pointe shoes etc) I wonder if that is acceptable?

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I am making the assumption for tax purposes that pointe shoes and other dance wear are included in allowed college expenses for a ballet major, and it seems like it would apply the same for the 529 account. I printed out a copy of the student handbook that describes the required dress code, which includes not only shoes, but also specifies leotards and tights, and I am keeping that printout with my tax records and receipts.

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Thank you millvillemurphs ! I would assume it would be akin to a music major who needs a certain instrument.

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You will need to search "Qualified Education Expenses" for the individual college you are speaking of or ask them. They should know how to tell you. The institution will be able to tell you if it's qualified. Here is the exact quote from the IRS. You'll note the pesky ending part where it says only if "the fees and expenses must be paid to the institution as a condition of enrollment or attendance. So............................take that for what you will.

 

A music major would not necessarily be a good comparison, since they will likely own their instrument at the time of audition and once the instrument is owned, you do not necessarily have to buy another one. There are step up models for sure, but it would not be a requirement of a university. Pointe shoes are disposable items and that is much different.

 

Today, many colleges, after all fees are paid, will send any overage into the student's account (or the parent's if that is how you set up those things). That is what becomes income and why housing doesn't always count depending on how the school sets it up.

 

Related expenses. Student activity fees and expenses for course-related books, supplies, and equipment are included in qualified education expenses only if the fees and expenses must be paid to the institution as a condition of enrollment or attendance.

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I actually asked this question of my provider and was told no. And, as an example, they said they also don't cover such things as athletic equipment and apparel for PE class.

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