Coverdell education savings account

A Coverdell Education Savings Account is a tax-deferred trust account created by the U.S. government to assist families in funding educational expenses for beneficiaries 18 years old or younger. The age restriction may be waived for special needs beneficiaries. While more than one ESA can be set up for a single beneficiary, the total maximum contribution per year for any single beneficiary is $2,000—Read more at Investopedia. Kagan, Julia. “Coverdell Education Savings Account (ESA).” 4 January 2018