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  • Coverdell Education Savings Accounts

    Coverdell Education Savings Accounts—Now Safe from Taxation—Could Still Be Improved

    Congress and President Obama preserved the rules regarding Coverdell Education Savings Accounts (ESAs) when they passed the “fiscal cliff” deal. Coverdell ESAs are the lone tax break available to parents for kindergarten through twelfth grade education expenses. But beginning January 1, 2013, the accounts were going to be only useful … More

    Coverdell Education Savings Accounts to Be Thrown from Fiscal Cliff?

    Lost in the fiscal cliff discussion has been any hint of whether Coverdell Education Savings Accounts (ESAs) will be permitted to continue in their current form. As it stands, beginning January 1, parents will no longer be able to use these accounts for expenses for kindergarten through high school without … More

    Changes to Coverdell Education Savings Account: Unwise and Unfair

    This year, if Congress and the President fail to act on Coverdell Education Savings Accounts, parents are scheduled to be left out in the cold. Rules concerning how parents are allowed to spend money they have earned in their Coverdell accounts are tied to the expiring Bush tax cuts. If … More

    Coverdell Education Accounts Are in Danger of Becoming Less Useful

    Coverdell Education Savings Accounts were created in 2001 to provide parents with more options to pay for their children’s elementary, secondary, and college education. Unless Congress quickly takes action, those accounts will no longer be allowed to fund secondary and elementary school expenses. President Obama often talks of helping Main … More