Education Savings Accounts (ESA)
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​Can I use the funds for something other than education?
October 25, 2017
No. Coverdell Education savings must be used for education-related purposes only.
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​Are Coverdell Education savings funds only for college-related expenses?
October 25, 2017
No. Coverdell Education savings can also be used for approved expenses related to private elementary...
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What’s the maximum amount I can contribute to a Coverdell ESA account for a fiscal tax year?
October 25, 2017
The maximum amount is $2,000.
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​What happens to the money in my account if I don’t go to college?
October 25, 2017
If you decide not to go to college, the funds can be transferred to a...
Open Account
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