Education Custodial Savings 529 Coverdell Able

Education and disability savings accounts let you set aside money for specific goals with tax advantages built in. A 529 plan covers education expenses at any level—from K-12 through graduate school. A Coverdell account works similarly but with lower contribution limits. An ABLE account serves people with disabilities, letting them save without losing benefits. Each account type has different rules about what you can spend the money on, how much you can contribute per year, and what happens to unused funds.

These articles explain how each account works, what expenses they cover, how the money grows tax-free, and what occurs if you need to withdraw funds for something other than the intended purpose. You'll learn the contribution limits, the difference between state-sponsored and private 529 plans, and how these accounts interact with financial aid, taxes, and benefit programs.