529 Plan Withdrawal Tax Calculator
Withdrawing 529 plan funds for non-education expenses triggers income tax on earnings plus a 10% federal penalty. Enter your withdrawal details to estimate the total cost.
Estimated Tax & Penalty Owed
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Earnings Portion ($)—
Federal Income Tax on Earnings ($)—
10% Penalty on Earnings ($)—
About this calculator
Estimate the taxes and penalties owed on a non-qualified 529 plan withdrawal, including federal income tax on earnings and the 10% penalty.
Frequently Asked Questions
Is the 10% penalty applied to the whole withdrawal?
No, the 10% penalty and income tax apply only to the earnings portion of a non-qualified withdrawal, not the original contributions.
What counts as a qualified withdrawal?
Qualified withdrawals cover tuition, fees, books, and certain room and board costs at eligible institutions, and are tax and penalty free.
Does this include state tax?
No, this estimates federal tax and penalty only. Many states also recapture prior state tax deductions on non-qualified withdrawals.