The National Directory of Certified Public Accountants

Ask A CPA - IRAs - Traditional

IRA - Paying College Education

Withdrawals from a regular IRA that are used for higher educational expenses at a post-secondary school are not subject to the 10% penalty on early withdrawals that is reported on IRS Form 5329. Qualified expenses include tuition, books, fees, supplies and room and board if student is at least a half-time student.

If you need professional help with "IRAs - Traditional" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.