What are non-education expenditures from college savings accounts?
If a non-education expenditure from your Ohio CollegeAdvantage account meets the following criteria, it needs to be added back to your income:
- It wasn't already included in your federal adjusted gross income
- It wasn't used to pay for qualified higher-education expenses
- It wasn't withdrawn because of the beneficiary's death, disability, or receipt of a scholarship
- It was from an amount for which you had received the Ohio 529 plan contribution deduction in any tax year