Is a coverdell ESA account tax exempt if used on education expenses I.e Student loans? i thought it was but my refund dropped nearly $500 after i entered the info in.

posted

Connect with an expert

2 Replies

It is tax exempt if used for education expenses for the beneficiary. Paying tuition qualifies, paying student loans does not.

Thank you

Still have questions?

Questions are answered within a few hours on average.

*Must create login to post

Unlock tailored help options in your account.