Looking for 529 disbursement advice and how 529's affect the American Opportunity Tax Credit.
I'm only given 3 disbursement options and they must be executed immediately upon selling.
Account Owner
Account Beneficiary
Direct to the school
Max for the AOTC is $2,500/yr eligible for $90K single and $180K/ry married filing jointly.
First $2K qualified expenses and 25% of the next $2K for a max of $2,500
I'm lol poor, so I qualify!
I would like to sell the shares now. I have less than $10K in the account.
My son is a fish at TAMU. Fees for this semester are already paid.
What's my best disbursement option?
I'm only given 3 disbursement options and they must be executed immediately upon selling.
Account Owner
Account Beneficiary
Direct to the school
Max for the AOTC is $2,500/yr eligible for $90K single and $180K/ry married filing jointly.
First $2K qualified expenses and 25% of the next $2K for a max of $2,500
I'm lol poor, so I qualify!
I would like to sell the shares now. I have less than $10K in the account.
My son is a fish at TAMU. Fees for this semester are already paid.
What's my best disbursement option?
