Education IRA

Also found in: Wikipedia

0.01 sec.

Education IRA

A type of individual retirement account enabling the contribution of up to $500 per year tax free for each child up to the age of 18 by the parents in the family.

Coverdell Education Savings Account

An account into which one may deposit funds on a tax-deferred basis, on the assumption that they will be used to pay for the education of the account holder. The funds are invested in a portfolio, much like an IRA or another retirement account. If the funds are in fact used for education, withdrawals from a Coverdell account are tax-exempt up to the total cost of education. Importantly, any tax liability on a Coverdell account is assessed at the account holder's bracket, rather than the contributor's. This protects the account holder from an excessive tax liability in the event a wealthy parent made most or all of the contributions. It was formerly called an education IRA.

Education IRA

See Coverdell Education Savings Account.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
Coverdell Education Savings Account Education Savings Account			Both the Education IRA (Coverdell ESA) and the 529 plans offer good ways to save for college. College Planning Education IRA or 529 Plan? by Frank Rodriguez / Reference and Education community In addition to Education IRAs and federal tax credits there are many other ways to use the taxation system to pay for the high and increasing costs of a college education. More Ways to Use the Taxation System to Pay College Education Costs by Hana Lee / Jobs and Careers community The changes included increasing the contribution limit under the Education IRA from $500 a year to $2,000 for each child under age 18 into a special Education Individual Retirement Account. Using the Tax System to Finance A College Education by Hana Lee / Finance and Investment community			Economie du bienetre collectif Economie duale Economie Souterraine Economies of Scale Economies of scope Economies of vertical integration Economist Economy Ecoterrorism Ecotourism ECRI Index ECS ECU Ecuadorian Sucre ECV EDC EDGAR EDGAR Electronic Data Gathering, Analysis and Retrieval System Edge Act Edge Act Corporation Edge Corporations Edgy EDI Edict Education Expense Education IRA Education Savings Account Educazione continua Edward George EE EEC EEK Efecto de desplazamiento Efecto riqueza Efectos comerciales en eurodivisas Efeito de expulsao Efeito riqueza Effectifs personnel effective age Effective Annual Interest Rate Effective Annual Yield Effective call price Effective convexity effective date Effective Debt Effective duration effective gross income effective interest rate Effective Margin Effective Net Worth effective procuring cause			Education Improvement Partnership Education in and Through the Arts Education in Computer-Aided Architectural Design in Europe Education in Elite Sport in Europe Education in Human Rights Network Education in Human Values Education in Illinois Education in Illinois Education in Illinois Education in Mathematics, Science and Technology Education in Palliative and End-of-Life Care Education in Quality Improvement for Pediatric Practice Education in Science, Technology, Energy, Engineering and Math Education in the Environment Caving/Canoe Club Education in the Unorganized Territory Education Information Advisory Committee Education Information and Accountability Services Education Information Center Education Information Management Advisory Consortium Education Information Network in Europe Education Information Service Education Information Systems Support Education Instructional Systems Technology Education International Education International - Internationale de l'Education Education IRA Education IRAs Education issue Education issue Education issue Education issue Education Job Opportunities Information Network Education Journalists' Group Education Labour Relations Council Education Language Studies and Social Work Education Law Education Law Education Law Education Law Association Education Law Center Education Law in North Carolina Education Leadership Academy Education Leadership Council Education Leadership Doctorate Education Leading to Employment and Career Training Education Learning Aid Education Learning Community Education Learning Support Unit Education Level Education Loan Education Loan Education Loan Management Resources Education Loans Education Loans Education Macintosh Education Made Easy

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.