I was reading about the 529 plan, which allows for tax-free savings and withdrawals for college tuition and expenses. Supposedly it applies to graduate school as well, (which I'm saving like mad for, mostly b/c this job has made me realize my #1 source of anger in life--depending on men for money. Once I'm out of grad school, I sure as hell will never be in that position again!)
ahem. back on topic. grad school savings. I'm a dual citizen, and I plan to use the EU to full advantage and go to grad school in the UK. Would the fact that I (most likely) won't be going to a US university disqualify me from using a 529?
If so, is there anything I can do to lessen the degree of my ass-raping by the IRS regarding my tuition money? Over half of what I've made this year has gone to pay for school, and the idea that I'll have to account and pay taxes for the entirety of that tuition money makes me ill.
of course I've fantasized about banking most of my earnings in my non-US country of citizenship, but I'm sure if I did, the tax bastards would somehow find out about it.![]()


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