After paying his college bill from his 529 account in December, my son became a resident advisor and they credited him $5,000.
He can get a refund for the asking, but I am concerned it will screw up the
529 account, so it seems prudent to hold onto the credit for the next bill in July.Any advice here?
And a related issue... I have read on another college's website that compensation for being an RA is not taxable because it simply reduces the college tuition and living in the dormitory is a requirement. Do you agree with that?