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Visitor I

Using 529 and Deducing Business Expenses

Hello, 

 

If I am working while taking courses to get a master's degree to improve my skills for my current job, I understand that I can deduct these expenses as job-related expenses. 

 

Separately, I also understand that if I have a 529 savings account, I could also withdraw money from there. 

 

I also understand there is no double dipping for taxes. In that case, if I have $10,000 of tuition, would it be okay to withdraw $5,000 from the 529 and then claim the rest of the $5,000 as job-related expenses?

 

Thank you