qualified tuition program 2020 qualified education expenses

QUALIFIED TUITION PROGRAM 2020 QUALIFIED EDUCATION EXPENSES CODE

107–16, §402(a)(1), (4)(A), in introductory provisions, substituted 'qualified tuition' for 'qualified State tuition' and inserted 'or by 1 or more eligible educational institutions' after 'thereof', and added concluding provisions. 107–16, §402(a)(4)(C), substituted 'Qualified tuition' for 'Qualified State tuition' in heading. 107–16, §402(a)(4)(A), substituted 'qualified tuition' for 'qualified State tuition'. 107–16, §402(a)(4)(D), struck out 'State' before 'tuition' in section catchline. Prior to amendment, text read as follows: 'The taxes imposed by chapters 12 and 13 shall apply to a transfer by reason of a change in the designated beneficiary under the program (or a rollover to the account of a new beneficiary) only if the new beneficiary is a generation below the generation of the old beneficiary (determined in accordance with section 2651).' 108–311, §406(a), reenacted heading without change and amended text generally. 109–135 substituted 'Coverdell education savings account' for 'education individual retirement account'.Ģ004-Subsec.

QUALIFIED TUITION PROGRAM 2020 QUALIFIED EDUCATION EXPENSES CODE

(f) to section 529, without specifying the act to be amended, was executed by making the addition to this section, which is section 529 of the Internal Revenue Code of 1986, to reflect the probable intent of Congress.Ģ005-Subsec. 109–280, which directed the addition of subsec.

(iii) and concluding provisions.Ģ006-Subsec. 113–295 substituted 'Limited' for 'No' in heading and 'may, directly or indirectly, direct the investment of any contributions to the program (or any earnings thereon) no more than 2 times in any calendar year.' for 'may not directly or indirectly direct the investment of any contributions to the program (or any earnings thereon).' in text.Ģ009-Subsec. (iii) read as follows: 'expenses paid or incurred in 2009 or 2010 for the purchase of any computer technology or equipment (as defined in section 170(e)(6)(F)(i)) or Internet access and related services, if such technology, equipment, or services are to be used by the beneficiary and the beneficiary's family during any of the years the beneficiary is enrolled at an eligible educational institution.'Ģ014-Subsec. '(iii) except to the extent provided by the Secretary, the value of the contract, income on the contract, and investment in the contract shall be computed as of the close of the calendar year in which the taxable year begins.' Text read as follows: 'For purposes of applying section 72.

115–97, §11032(a)(2), inserted at end of concluding provisions 'The amount of cash distributions from all qualified tuition programs described in subsection (b)(1)(A)(ii) with respect to a beneficiary during any taxable year shall, in the aggregate, include not more than $10,000 in expenses described in subsection (c)(7) incurred during the taxable year.'Ģ015-Subsec. (III) and inserted concluding provisions. 115–141, §401(a)(128), substituted comma for semicolon at end of cl. 115–141, §101(l)(15), substituted 'American Opportunity' for 'Hope' in heading. For complete classification of this Act to the Code, see Short Title note set out under section 1001 of Title 20 and Tables. Title IV of the Act is classified generally to subchapter IV (§1070 et seq.) of chapter 28 of Title 20, Education. The Higher Education Act of 1965, referred to in subsec. (e)(5)(A), probably means the date of enactment of Pub. The date of the enactment of this paragraph, referred to in subsec. (e)(3)(B)(ii)(I), is the date of enactment of Pub. The date of the enactment of the Economic Growth and Tax Relief Reconciliation Act of 2001, referred to in subsec. Notwithstanding any other provision of this section, the Secretary shall prescribe such regulations as may be necessary or appropriate to carry out the purposes of this section and to prevent abuse of such purposes, including regulations under chapters 11, 12, and 13 of this title. (B) which is eligible to participate in a program under title IV of such Act.

Qualified tuition program 2020 qualified education expenses