New tax legislation for 2011 doesn’t change much for folks using 529 plans to save for college—but there is one minor, odd twist.
Before this year, computers and related technology, along with Internet access, were considered qualified expenses for 529 plans. That’s no longer the case: Unless a college requires students to have a computer in order to attend, the use of 529 plan money to buy one will result in a 10% penalty.
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