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What if I have a Qualified Tuition Program? Can I still have a Coverdell ESA and make contributions to both, penalty free?

April 26, 2017contributions Coverdell ESA Free penalty program qualified tuition

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What if I have a Qualified Tuition Program? Can I still have a Coverdell ESA and make contributions to both, penalty free?

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The law permits contributions to be made, without penalty, to both a Coverdell ESA and a QTP in the same year for the same beneficiary.