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In prior years, Education Savings Accounts were not very attractive to parents, grandparents, and other parties interested in contributing to a child's education because contributions were limited to $500 and could only be used for higher education. The new tax laws have made significant changes that make them much more attractive. Our Education Savings Account provides tax-free investment growth for children under the age of 30. There is no tax deduction, but tax-free growth replaces this benefit.
There are some restrictions that you should be aware of:
Put a Coverdell Education Savings Account to work for you, talk to one of our specialists today.
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