Coverdell Education Savings Accounts (ESAs)
Coverdell ESAs offer another tax-advantaged way to save for education expenses, 비철금속 관련주
with more flexibility in investment choices compared to 529 plans.
Tax Benefits
- Tax-Free Growth: Investments grow tax-free, similar to 529 plans.
- Tax-Free Withdrawals: Withdrawals for qualified education expenses are not taxed.
- Wide Range of Investments: Coverdell ESAs offer more investment options compared to 529 plans.
Health Savings Accounts (HSAs)
Health Savings Accounts (HSAs) provide a triple tax advantage when used for qualified medical expenses.
Tax Benefits
- Tax-Deductible Contributions: Contributions to an HSA are tax-deductible.
- Tax-Free Growth: Investments within an HSA grow tax-free.
- Tax-Free Withdrawals: Withdrawals for qualified medical expenses are not taxed.