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Bill Would Allow Families to Save More for Education

Source: blog.heritage.o Posted By: Ronny F...3348 days ago

A bill introduced in the House of Representatives could have widespread benefits to parents saving for a child’s education.

The Helping Families Save for Education Act, introduced by Representatives Tim Walberg (R–MI) and Dan Kildee (D–MI) would expand the usefulness of Coverdell Education Savings Accounts (ESAs).

Coverdell ESAs enable users to invest up to $2,000 per child per year for their children’s education. Users can choose between a wide variety of investment options, including certificates....

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