Using 529 Plans for Your Child's Driver Education

In this episode of The College Savings Podcast, Lucas and Luna explore an often-overlooked 529 plan expense: driver education. They walk through IRS rules for qualified expenses, the difference between a high school driver's ed course and a commercial driving school, and how a teen's behind-the-wheel training can qualify if part of an eligible educational program. Using a real family scenario from Ohio, they show how $1,200 in driving school costs could be reimbursed from a 529 account. They also address common pitfalls, including recordkeeping requirements and the risk of a non-qualified distribution if the course isn't tied to a certificate or degree. Listeners learn one concrete strategy to stretch their 529 dollars further. #529Plan #CollegeSavings #DriverEducation #QualifiedExpenses #IRS #EducationFunding #TeenDriving #Finance #PersonalFinance #TaxAdvantaged #HighSchool #DriversEd #SavingsStrategy #ParentingTeens #FinancialLiteracy #FexingoBusiness #BusinessPodcast #TheCollegeSavingsPodcast Keep every episode free: buymeacoffee.com/fexingo