Coverdell education savings account

10 Things to Know About ESAs

It’s back to school time! Any parent will tell you that education can be expensive. You cannot afford to miss out on any possible option out there that may help you save. One savings tool that you might overlook is the Coverdell Education Savings Account (ESA). Here are 10 things you need to know about ESAs.

Can an IRA Used For College By Rolled Over to a Traditional IRA?

This week's Slott Report Mailbag talks about an "educational" IRA (a popular topic during graduation season), how to value non-spouse inherited IRAs and whether a retired individual can go through with a Roth conversion. Click to read this week's Q&A with our IRA Technical Expert.

Revised IRS Publication Addresses Key Education Savings Accounts, Penalty Exceptions

The IRS just released the updated version of Publication 970, Tax Benefits for Education (For use in preparing 2012 Returns). It discusses a relatively unknown savings account called a Coverdell Education Savings Account (known as a CESA or ESA). An ESA is set up to pay the qualified education expenses of a child or student, known as a designated beneficiary.

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