Before you know it, it’ll be college time and that COSTS A LOT. Make sure there are no surprises with the Coverdell Education Savings Account (ESA).
It’s the perfect way to save for education expenses and get tax benefits at the same time.
- Can be used toward qualified education expenses including but not limited to: tuition, books, supplies, tutoring, uniforms and transportation
- Contributions earn interest tax-deferred until distributed, but no taxes will be owed on distributions from the account if it is equal to or less than the child’s qualified education expenses
- Yearly contribution limit of $2,000 per child applies
For more info, visit our IRA Service Center
Open an account today!