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Can I take a distribution from both a MESP 529 Plan account and Coverdell Educations Savings Account to pay for expenses in the same year?

April 26, 2017account Coverdell distribution Educations expenses MESP pay Plan savings account

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Can I take a distribution from both a MESP 529 Plan account and Coverdell Educations Savings Account to pay for expenses in the same year?

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Yes. However, you must apply the distributions to different eligible expenses in order to obtain the favorable tax treatment. See IRS Publication 970 for more detail, or consult your tax advisor.