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Here's Something for Students in Stimulus Bill

College students, Congress handed you a break in the stimulus bill.

You'll now be able to buy computers and other technology with money from a Section 529 College Savings Plan.

Money in a Section 529 plan can be withdrawn tax-free when it is used for the educational purposes spelled out in the law. Previously, you could only use these funds for tuition, books, room and board and fees, but not for that laptop.

It's not a great big refund check, but it's a break you and your parents can appreciate.

POSTED IN: Your Money (119)

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About This Blog

You've got the job of managing your money. No one in school taught you how.

But you and I, we can teach each other, how to handle it, how to save for retirement, how to make money... < More >

Harriet Johnson Brackey Harriet Johnson Brackey, the personal finance writer for the Sun-Sentinel, has been an award-winning business...< More >

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