K-12 Tuition Expenses definition

K-12 Tuition Expenses means tuition in connection with enrollment or attendance of a Designated Benefi- ciary at an elementary or secondary (i.e., middle or high school) public, private, or religious school up to a maximum of $10,000 of distributions for such tuition expenses per taxable year per Designated Beneficiary from all 529 Plans. Such expenses may be treated as Qualified Higher Education Expenses.
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Examples of K-12 Tuition Expenses in a sentence

  • My withdrawal will not be used to pay for the Beneficiary’s Qualified Higher Education Expenses or K-12 Tuition Expenses.

  • Saving for tuition expenses in connection with enrollment or attendance at an elementary or secondary public, private, or religious school.Higher Education and K-12 Tuition Expenses.

  • Nebraska Qualified Expenses do not include K-12 Tuition Expenses or Qualified Education Loan Payments.

  • Distributions used to pay for K-12 Tuition Expenses (up to $10,000 annually), Apprenticeship Program Expenses, and Qualified Loan Repayments are tax free under federal law but not New York State law.

  • As noted above, it is unclear under Alabama law whether distributions for the payment of K-12 Tuition Expenses, certain expensesassociated with Apprenticeship Programs, or Qualified Education Loans would be Qualified Withdrawals or Nonqualified Withdrawals.Generally, the recipient of a Nonqualified Withdrawal will also be subject to a federal “penalty tax” equal to 10% of the Earnings Portion of the withdrawal.

  • For federal tax purposes, each of a distribution to pay K-12 Tuition Expenses up to $10,000 annually, a distribution to pay Apprenticeship Program Expenses, and a distribution to make Qualified Education Loan Repayments is considered a Federal Qualified Withdrawal and is, therefore, free from federal taxes and penalties.

  • Dodd Frank properly identified ongoing undue influence of appraisers as an issue requiring remediation.

  • Withdrawals for K-12 Tuition and Other ExpensesUnder federal law, you may withdraw funds from your Account to pay K-12 Tuition Expenses, Apprenticeship Program Expenses and/or Qualified Education Loan Repayments.

  • Consequently, a Designated Beneficiary may be able to use the amounts in a Plan Account to pay for K-12 Tuition Expenses (as defined herein), certain expenses associated with an Apprenticeship Program, or Qualified Education Loans without incurring adverse federal tax consequences.

  • Specifically, the Age-Based Option time horizon and withdrawal periods may not match those needed to meet your K-12 Tuition Expenses savings goals, which may be significantly shorter.For more detailed descriptions of the two investment approaches, see Investment Choices beginning on page 28.

Related to K-12 Tuition Expenses

  • Transition Expenses The reasonable costs (including reasonable attorneys’ fees) of the Backup Servicer incurred in connection with the transferring the servicing obligations under this Agreement and amending this Agreement to reflect such transfer in an amount not to exceed $100,000.

  • Distribution Expenses means, with respect to all rights granted to LGF hereunder, one hundred percent (100%) of the aggregate of all actual, direct, out-of-pocket, third xxxxx costs expended or incurred by LGF in direct connection with the distribution and exploitation of the Picture throughout the Territory in all media, including, without limitation, all DLT Creation Costs, and all conversion, manufacturing, duplication, shipping, marketing, advertising, promotion and publicity costs, and all costs to complete Delivery of the Picture (to the extent (i) LGF elects to cure any failure of Grantor to complete Delivery of the Picture in accordance with the Delivery Schedule and/or (ii) LGF is required to take "access" to any Delivery Materials pursuant to the Delivery Schedule; and/or fiii) Grantor is not required to deliver such elements under the Delivery Schedule).

  • Election expenses means expenses incurred, whether before, during or after the election, on account of, or in respect of, the conduct or management of the election.

  • Litigation Expenses means costs and expenses incurred in connection with commencing, prosecuting, and settling the Action (which may include the costs and expenses of Plaintiffs directly related to their representation of the Settlement Class), for which Lead Counsel intends to apply to the Court for reimbursement from the Settlement Fund.

  • Disposition Expenses means reasonable out-of-pocket expenses incurred by the Servicer in connection with the sale at auction or other disposition of a Leased Vehicle by the Servicer.

  • Administration Expenses means all fees, disbursements, expenses, costs, taxes and any other amounts incurred or payable by the Plaintiffs, Class Counsel or otherwise for the approval, implementation and operation of this Settlement Agreement, including the costs of notices, but excluding Class Counsel Fees and Class Counsel Disbursements.

  • Administration Expenses Payment means the amount the Administrator will be paid from the Gross Settlement Amount to reimburse its reasonable fees and expenses in accordance with the Administrator’s “not to exceed” bid submitted to the Court in connection with Preliminary Approval of the Settlement.

  • Acquisition Expenses means any and all expenses, exclusive of Acquisition Fees, incurred by the Company, the Operating Partnership, the Advisor or any of their Affiliates in connection with the selection, evaluation, acquisition, origination, making or development of any Investments, whether or not acquired, including, without limitation, legal fees and expenses, travel and communications expenses, brokerage fees, costs of appraisals, nonrefundable option payments on property not acquired, accounting fees and expenses, title insurance premiums and the costs of performing due diligence.

  • Liquidation Expenses With respect to a Mortgage Loan in liquidation, unreimbursed expenses paid or incurred by or for the account of the Master Servicer or the related Servicers, such expenses including (a) property protection expenses, (b) property sales expenses, (c) foreclosure and sale costs, including court costs and reasonable attorneys’ fees, and (d) similar expenses reasonably paid or incurred in connection with liquidation.

  • Litigation Expense means any court filing fee, court cost, arbitration fee, and each other fee and cost of investigating or defending an indemnified claim or asserting any claim for indemnification or defense under this Agreement, including Attorney’s Fees, other professionals’ fees, and disbursements. “Attorney’s Fees” include a charge for the service of in-house counsel at the market rate for independent counsel of similar experience.

  • Program Expenses means all UHC’s expenses of administering the Program under the Indenture and the Act and shall include without limiting the generality of the foregoing; salaries, supplies, utilities, labor, materials, office rent, maintenance, furnishings, equipment, machinery and apparatus, including information processing equipment; software, insurance premiums, credit enhancement fees, legal, accounting, management, consulting and banking services and expenses; Fiduciary Expenses; remarketing fees; Costs of Issuance not paid from proceeds of Bonds; and payments to pension, retirement, health and hospitalization funds; and any other expenses required or permitted to be paid by UHC.

  • Indemnification Expenses shall have the meaning set forth in Section 6.11(a).

  • Reimbursable Expenses means all assignment-related costs [such as travel, translation, report printing, secretarial expenses, subject to specified maximum limits in the Contract].

  • Unpaid Transaction Expenses has the meaning specified in Section 2.4(c).

  • Preservation Expenses Expenditures made by the Servicer in connection with a foreclosed Home Equity Loan prior to the liquidation thereof, including, without limitation, expenditures for real estate property taxes, hazard insurance premiums, property restoration or preservation.

  • Company Expenses has the meaning set forth in Section 11.3(a)(v).

  • Estimated Transaction Expenses has the meaning set forth in Section 2.3(a).

  • Covered Expenses means expenses actually incurred by or on behalf of a Covered Person for treatment, services and supplies covered by the Policy. Coverage under the Participating Organization’s Policy must remain continuously in force from the date of the Covered Accident or Sickness until the date treatment, services or supplies are received for them to be a Covered Expense. A Covered Expense is deemed to be incurred on the date such treatment, service or supply, that gave rise to the expense or the charge, was rendered or obtained.

  • Common Expenses means expenditures made by or financial liabilities of the association, together with any allocations to reserves.

  • Reimbursable Costs means expenses incurred by the employee in the course of engaging in the planned learning activity and include registration, tuition and examination fees as well as textbooks/discs and applicable taxes. They may also include reasonable, incremental meal, accommodation and travel expenses.

  • Transaction Expenses means any fees or expenses incurred or paid by Holdings or any of its Subsidiaries in connection with the Transaction, this Agreement and the other Loan Documents and the transactions contemplated hereby and thereby.

  • Transportation Expense means the cost of Medically Necessary conveyance, personnel, and services or supplies.

  • Property Protection Expenses Any costs and expenses incurred by the Master Servicer, the Special Servicer or the Trustee pursuant to Section 3.04, 3.07, 3.10(f), 3.10(g) or 3.17(b) or indicated herein as being a cost or expense of the Lower-Tier REMIC to be advanced by the Master Servicer or the Trustee, as applicable.

  • Tuition Fees means a sum specified in the Offer Letter, payable by the Student to cover tuition, access to College facilities, enrolment procedures and orientation meetings, use of Information Technology facilities, exam sitting and a Kaplan award on successful completion of the Programme; and

  • Accrued Expenses means the accrued and unpaid expenses appearing as a Liability on the Preliminary Closing Statement or the Final Closing Statement.

  • Non-Cash Compensation Expense means any non-cash expenses and costs that result from the issuance of stock-based awards, partnership interest-based awards and similar incentive based compensation awards or arrangements.