Coverdell Education Savings Accounts (ESAs)

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.

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