I'm quite frustrated. My 91 year old father has always prepared his taxes by hand and mailed them in. This year I did them online with Freetaxusa and that went well until I went to submit them via e-file. It will not accept the AGI value from last year's taxes for my mother no matter what I do. I used the same amount that…
Am I allowed to take a distribution/withdrawal from my 529 Account for tuition from a previous year. I've reviewed Chapter 7 of IRS 970 Publication as well as the FAQ's provided by IRS 529 FAQs and there is no mention of a timing requirement where the qualified expenses have to occur in the same year as the withdrawal. I'm…
Hello, We are currently contributing to our daughters 529 plan, based in DE. We are also DE residents. DE's tax code states the following: "Federal adjusted gross income will be reduced for any contribution up to $1,000 (or $2,000 for joint returns) with a few conditions. The deduction will NOT apply to: Tuition in…
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