The name for a tax-deferred investment vehicle, set up on or after January 1,...
A type of individual retirement account enabling the contribution of up to $500 per year for each child up to the age of 18 by the parents in the family.
A relatively new type of tax-deferred financial planning vehicle, which enables a person to save money for future education-related expenses. see also IRA, Roth IRA.
An individual retirement account that allows parents to contribute $500 per year in their child's IRA, which may be distributed for education purposes only when they reach the age of 18.
A type of IRA that lets you save up to $500 a year per child and withdraw it tax-free to pay for qualified higher-education expenses.
a trust or custodial account in which contributions are not tax-deductible but earnings can grow federal income tax-free if distributions are used for certain elementary, secondary, or post-secondary education expenses
a custodial or trust arrangement exclusively for the benefit of the designated beneficiary
an educational savings account, not a retirement account
a purely a savings vehicle for the qualified educational expenses of a named beneficiary
a smart part of any education savings plan
a tax deferred investment account created for the sole purpose
a trust or custodial account that is created or organized in the United States exclusively for the purpose of paying the qualified higher education expenses of the designated beneficiary of the account
Renamed the Coverdell Education Savings Account. An account created to pay the higher education expenses of its beneficiary. Contributions are not tax deductible but any accumulated earnings are tax free if used to pay eligible bills. Contributions are not allowed after the child reaches age 18.
An account that allows nondeductible annual contributions of up to $500 for the benefit of a child. Withdrawals used for qualified education expenses are tax free.
Now called the Coverdell Education Savings Account. A type of tax-deferred financial planning vehicle, which enables a person to save money for future education-related expenses in this tax-advantaged way.
An IRA established on or after Jan. 1, 1998, to provide funds that will allow a beneficiary to attend a program of higher education.
See Coverdell Education Savings Account (CESA or ESA).
A savings account with significant tax advantages designed for use in paying for a child's college education. See Education IRAs.
An account created in 1997 to provide funds for education. In 2001, the EIRA was renamed the Coverdell Education Savings Account. For details, see The Coverdell ESA.
An Education IRA—now known as Coverdell Education Savings Account (Coverdell ESA)—was a tax-deferred savings and investment account for education expenses.
A tax-advantaged savings account designed to provide for a child's postsecondary education.
A tax-favored savings plan under which the taxpayer may contribute up to $500 per year per eligible beneficiary. Contributions are nondeductible. Earnings are tax free and withdrawals are also tax free if used to pay for qualified higher education expenses.
An investment tool created for the purpose of paying for the future cost of a child's post-secondary education. Contributions and their earnings are tax free when withdrawn to pay for qualifying education expenses.
A tax-favored savings plan created for the purpose of paying for qualified higher education expenses.
effective tax rate employee contribution
A savings vehicle that allows parents to receive tax-free savings on money earmarked for a child’s college education. There are limits on income eligibility and on how much may be set aside per year in an education IRA.