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Routing #: 275978721
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Coverdell ESA

A Coverdell Educational Savings Account (ESA) is a trust or custodial account that can help you save for a child’s education expenses. Similar to a 529, a Coverdell ESA offers tax-free earnings growth and tax-free withdrawal when the funds are spent on qualifying expenses such as tuition, fees, supplies, equipment, and, in some cases, room and board. 

Eligibility
Anyone who has income from compensation up to $95,000 (single filers) or $190,000 (joint filers).

Maximum Annual Contribution
There is a maximum annual contribution of $2,000 per child.

Tax Advantages
Withdrawals are tax free for certain education expenses: tuition, books, computer equipment and technology required for elementary, secondary and post-secondary education.

Contact us at (608) 266-4750 or email us to get started.