ESA

(redirected from Coverdell Education Savings Account)
Also found in: Legal, Financial, Acronyms, Encyclopedia, Wikipedia.

ESA

abbreviation for
1. (Environmental Science) Environmentally Sensitive Area: an area that contains a natural feature, such as the habitat of a rare species, and which is protected by government regulations
2. (Astronautics) European Space Agency

ESA

European Space Agency.
Translations

ESA

N ABBR =European Space AgencyAEE f

ESA

[ˌiːɛsˈeɪ] n abbr =European Space AgencyA.S.E. f =Agenzia spaziale europea
References in periodicals archive ?
529 plans, education savings bonds and Coverdell education savings accounts (Coverdell ESAs).
C--Earnings on Coverdell Education Savings Account are not tax-free if used for same expenses as American Opportunity and Lifetime Learning Credits.
In addition to the traditional savings techniques discussed above, Congress has recently introduced tax incentives to promote education savings, including prepaid tuition and education investment plans commonly referred to as 529 Plans (after Section 529 of the Internal Revenue Code which governs them), Coverdell Education Savings Accounts (formerly called Education IRAs), Hope Scholarships, and Lifetime Learning Credits.
For instance, a Coverdell Education Savings Account can save parents $2,000 tax-free per child, per year.
Coverdell Education Savings Accounts (ESAs), formerly educational IRAs, are another savings vehicle with increased flexibility although age and income limits do apply.
The last chance to withdraw tax-free, for qualified education expenses, any earnings left in a Coverdell education savings account or name a new beneficiary for the account.
While contributions to a Coverdell Education Savings Account aren't deductible, distributions are tax free as long as the money is used to pay for qualified education expenses.
Contributors can add up to $2,000 annually to a Coverdell education savings account (ESA; IRC section 530).
The first is a Coverdell Education Savings Account, which allows the taxpayer to make $2,000 annual nondeductible contributions to the plan.
If you have financially dependent children, try to save for college using tax-advantaged savings accounts such as a 529 plan or Coverdell Education Savings Account.
The Coverdell Education Savings Account (ESA) program and the Qualified Tuition Program (QTP/529) are similar in many ways.
18) It also includes any contributions to a QTP on behalf of a designated beneficiary and contributions to a Coverdell education savings account.