Using a 529 Plan for Your Child's Coding Bootcamp

Episode 29 explores a growing use for 529 plans: funding coding bootcamps and other non-degree tech training programs. Lucas and Luna break down the IRS rules on qualified expenses, how the TCJA of 2017 expanded 529 eligible programs to include certain certificate and credential programs, and the key requirement that the bootcamp must be offered by an accredited institution. They discuss the example of a typical 12-week coding bootcamp costing around $15,000, and how a 529 plan can pay for tuition, required equipment, and even some housing costs if the student is enrolled at least half-time. The hosts also highlight the pitfall: many popular bootcamps are not yet accredited, so withdrawals could be subject to taxes and penalties. Listeners learn how to verify accreditation, what documentation to keep, and how this strategy compares to using a 529 for traditional college or a Roth IRA. This episode is a practical guide for parents and students considering alternative education paths in the tech industry. #529Plan #CodingBootcamp #EducationFunding #TechTraining #NonDegreeEducation #IRS #Accreditation #TaxAdvantaged #CollegeSavings #CareerChange #BootcampTuition #QualifiedExpenses #FexingoBusiness #BusinessPodcast #Finance #PersonalFinance #LucasAndLuna #EducationSavings Keep every episode free: buymeacoffee.com/fexingo