A Coverdell Educational Savings Account (CESA) offers tax-free earnings and withdrawals for qualified education expenses.
You can establish a CESA for any child under 18 as long as you meet income requirements. Contributions are made with after-tax dollars and can total up to $2,000 per year for all CESAs opened on the child’s behalf. It’s a great way to build savings for college.
Everybody there knows me, and they’re so polite when I come in!”
