Call Us Today! Local: (435) 655-0508 | Toll Free: (800) 562-0508

Are There Any Education Savings Accounts That I’ve Never Heard of That I Should Know About?

Are there any Education Savings Accounts I’ve never heard of that I should know about?

Are there any special Education Savings Accounts that you should know about?

Coverdell Education Savings Accounts (Coverdell ESAs) allow for educational expenses.

Contributions are tax-deferred but are not tax-deductible.

Contributions are limited to two thousand dollars ($2,000) per year and are subject to Modified Adjusted Gross Income limits.

Contributions must be made prior to the student’s eighteenth (18th) birthday.

Unlike five twenty-nine(529) Plans, which are used for post high school education expenses, ESAs can be used for K through twelve (K-12) education expenses.

If established when a child is very young, a substantial investment can be achieved.

Examples of qualifying K through twelve (K-12) expenses aretuition, academic tutoring, books, supplies, equipment, computers, internet access, and required uniforms.

We Can Help. Call us TODAY at (435) 655-0508!

By | 2017-04-04T12:35:58+00:00 April 4th, 2017|Article, Blogs, Videos|0 Comments

About the Author:

Leave A Comment