Money invested in a Coverdell Education Savings Account can be used for?

Money in a Coverdell Education Savings Account (ESA) can be used for a wide range of qualified education expenses for the designated beneficiary, including:

* Tuition: For elementary, secondary, and post-secondary education.

* Fees: Enrollment fees, lab fees, and other similar charges.

* Books: Textbooks, supplies, and other required materials.

* Room and board: While attending an eligible educational institution.

* Computers: Including software and related equipment.

* Special needs equipment: If required for the student's education.

It's important to note that the funds must be used for the *qualified education expenses* of the designated beneficiary. They cannot be used for things like transportation, entertainment, or general living expenses unrelated to education.

EduJourney © www.0685.com All Rights Reserved