Questions & Answers

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  • It wasn't withdrawn because of the beneficiary's death, disability, or receipt of a scholarship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

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