Currently working full time, plan to attend grad school part time next year. I am thinking about opening a 529 account for myself to take advantage of the tax deduction ($5000 per year) and use the account to pay for my rent while in school next year. My employer will be covering the tuition, hence why I plan to use 529 on rent.
Am I missing something here? I don’t want to break any laws. AI is telling me it would save me ~$4k by the time I finish school, which is why I’m seriously considering doing this.
u/Citronfikus — 15 days ago