COVID-19 Resources


PA 529 COVID-19 FAQs/Resources

College students and parents who receive refunds for tuition, room and board, or other qualified expenses paid from a PA 529 account can re-contribute their refund back into their PA 529 plan account within 60 days of the date of the refund to avoid paying any penalty or taxes on the earnings. In addition, IRS Notice 2020-23 provides an extension for refunds to be recontributed by July 15, 2020 or 60 days from the refund date, whichever is later. PLEASE NOTE, RECONTRIBUTED FUNDS WILL BE TREATED AS NEW CONTRIBUTIONS.

Information for Pennsylvania taxpayers may be found at revenue.pa.gov and irs.gov.  Be sure to check how a refund contribution may be treated under the laws of the state where you pay taxes if not Pennsylvania.

Connect With Us

Phone: 800-440-4000
Email: PA529@patreasury.gov

 

PA 529 College and Career Savings Program
613 North Drive | Room G-06
Harrisburg, PA 17120