529 Plan

Many college classes were cancelled due to the coronavirus and parents may have been refunded part of their tuition paid.  If you used 529 plan money you could be at risk of being taxed and charged a 10% penalty. Be aware you have 60 days to refund the money into the 529 plan and will not be taxed or charged the 10%. 

Contact your 529 plan account provider to ensure proper treatment is made.