Which of the following covers all qualified higher education expenses?
OA. 529 Coverdell Education Savings Account
B. 529 college savings plan
C. 529 prepaid tuition plan
D. 529 federal college plan

Respuesta :

All qualified higher education expenses are covered by the 529 Coverdell Education Savings Account.

What is qualified higher education expenses?

Any money that is paid by an individual for expenditures required to attend a college, university, or other post-secondary institution qualifies as a qualified higher education expense.

A 529 plan is an excellent way for parents and family members to save for their children's education.

When money in a 529 plan is used for qualified education costs, the contributions are tax-deductible.

Tuition, fees, books, and supplies such as PCs and laptops are all covered, however insurance and health care costs are not.

Therefore, option A is correct.

Learn more about education expenses, refer to:

https://brainly.com/question/24248580

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