Coverdell Educational Savings Account (ESA)
A Coverdell ESA is an investment tool designed to help you pay for your children’s education. The plan allows total after-tax contributions of $2,000 per year for each child, until they are 18 years old. Anyone can help contribute to your child’s ESA as long as the account stays within the maximum contribution limits. Certain income limitations may apply. Contributions and earnings can be withdrawn tax-free to pay for qualified education expenses.
Qualified Education Expenses
Qualified education expenses are those that are required for the enrollment or attendance at an educational institution, including:
- Tuition Fees
- Books
- Supplies
- Equipment
Learn More
To learn more about our Educational IRA services, please contact one of our experienced IRA consultants by calling 800-749-0752. |
