Tax-Free Savings for Precollege Education Expenses

With a Coverdell education savings account, you can take tax-free withdrawals for a primary or secondary student if you use them for qualified expenses.

By Kimberly Lankford, August 26, 2014

My daughter is just starting the 10th grade, and I have a Coverdell education savings account for her. I understand that even though she’s still in high school, I can tap the account tax-free for certain expenses. Which ones qualify?