topic 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. in Education

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.

shippo676 — Tue, 04 Jun 2019 20:01:09 GMT

KrisD — Tue, 04 Jun 2019 20:01:10 GMT

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

JohnCo — Tue, 28 Apr 2020 16:33:54 GMT

Thank you