Do ESAs offer tax advantages?
ESAs are set up on an after-tax Roth basis. This means the contributions are not deducted before taxes, but the earnings can grow tax-free and your qualified distributions are also tax-free.
ESAs are set up on an after-tax Roth basis. This means the contributions are not deducted before taxes, but the earnings can grow tax-free and your qualified distributions are also tax-free.