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Contributions to Education Savings plans, such as the Coverdell ESA, are not tax deductible. The advantage of an ESA lies in the tax-deferred accumulation of earnings within the account.
You may find helpful information in IRS Pub. 970 Tax Benefits for Education.
Contributions to Education Savings plans, such as the Coverdell ESA, are not tax deductible. The advantage of an ESA lies in the tax-deferred accumulation of earnings within the account.
You may find helpful information in IRS Pub. 970 Tax Benefits for Education.
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