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What Is The Coverdell Education Savings Account (ESA)?

April 26, 2017Coverdell Education ESA savings account

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What Is The Coverdell Education Savings Account (ESA)?

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Formerly called the Education IRA, the Coverdell Education Savings Account (ESA) is a type of tax-advantaged savings account created by the Taxpayer Relief Act of 1997 specifically for paying qualified higher education expenses.