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Level 4
March 27, 2026
Question

client did an early withdrawl from ira for college tuition, with a 10% penalty since the student also went high school that year and her tuition was $16.000 can she include that as well

  • March 27, 2026
  • 3 replies
  • 9 views

This is so confusing, my client withdrew 35,000 for college tutiion, she also paid $16,000 for secondary high school tuition.  can or where can I combine these two tuitions or not?

thank you again for your all your help  i hope i am making sense

3 replies

Level 5
March 27, 2026

High school tuition is not deductible, nor figured for education credits.

Intuit Community Champion
March 28, 2026

You can deduct up to $10,000 from a 529 plan for high school tution only, no books or equipment. if from an IRA The Distribution is not subject to the 10% penalty if all used for qualified higher education expenses. The distribution may or maynot be taxable depending on the type of IRA

ljr
Level 9
March 28, 2026

check the state as well - some states like NY k-12 is not a qualified 529 distribution