Is Coverdale contributions tax deductible on federal or state

[momapeg1]

Just Coverdale not 529 plan

[JaimeG · Accepted solution]

Coverdell ESA contributions are not tax deductible, but, like a Roth IRA, amounts deposited in the accounts grow tax-free until withdrawn. Withdrawals from Coverdell ESAs generally are tax-free to the extent that the amount of the withdrawal is not more than the beneficiary's qualified education expenses.