Why should I open an education savings account when $2,000 per year won cover my childs education expenses?
The education savings account is designed to be part of an overall savings plan. It offers the advantage of tax-free earnings when you withdraw the funds for qualified education expenses. Also, since 2002, you can contribute to an education savings account and to a qualified state tuition program for the same child in the same year.
Related Questions
- Can I take a distribution from both a CHET and Coverdell Education Savings Account to pay for expenses in the same year?
- Why should I open an education savings account when $2,000 per year won cover my childs education expenses?
- Why should I open an education savings account when $2,000 per year wont cover my childs education expenses?
