Education Savings Account (Coverdell)
Understanding Coverdell Education Savings Accounts Tax-advantaged savings for education and qualifed education expenses. How CESA Works CESA, formerly known as an Education IRA, is a federally-sponsored, tax-advantaged trust or custodial account that allows families to increase their investment earnings through tax-deferral as long as the funds are later used for educational purposes. Parents, grandparents, other …