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

  • It is the account owner’s responsibility to ensure that distributions for K-12 Tuition Expenses do not exceed the aggregate limit for a beneficiary.

  • 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.

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

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

  • 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.

  • As such, earnings on distributions from a 529 plan account used for K-12 Tuition Expenses will be free of federal income tax.

  • For New York taxpayers, the earnings and the portion of the distribution attributable to contributions for which a New York State tax deduction was previously taken will be subject to New York personal income tax.Withdrawals for K-12 Tuition ExpensesUnder Federal law, effective January 1, 2018, you may withdraw funds from your Account to pay K-12 Tuition Expenses.

  • 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.

  • Therefore, after consulting an independent tax advisor, if a Plan Participant concludes that an Account can be used to pay for K-12 Tuition Expenses without incurring adverse tax consequences and such Plan Participant intends to use the Account for such purpose, then such Plan Participant should carefully weigh whether an Age-Based Portfolio would be an appropriate investment choice for the Account.

  • If you want to use your account for K-12 Tuition Expenses, certain expenses associated with an Apprenticeship Program, or Qualified Education Loans without incurring adverse tax consequences, the Plan recommends that you review these FAQs and also seek tax advice from an independent tax advisor.

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 the reasonable costs, excluding overhead, incurred by ZIOPHARM that are directly and reasonably allocable to the distribution of a ZIOPHARM Product with respect to a particular country where such ZIOPHARM Product has been launched, excluding any costs included as a deduction in calculating Net Sales.

  • 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 expenses reasonably incurred in connection with investigating, defending or asserting any claim, action, suit or proceeding incident to any matter indemnified against under this Agreement, including, without limitation, court filing fees, court costs, arbitration fees or costs, witness fees, and fees and disbursements of legal counsel, investigators, expert witnesses, accountants and other professionals.

  • 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).

  • Company Expenses has the meaning provided in Section 8.3.

  • 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, costs, or expenses incurred or paid by Holdings, the Borrower, or any of their respective Affiliates in connection with the Transactions, this Agreement, and the other Credit Documents, and the transactions contemplated hereby and thereby.

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

  • 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.