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Coverdell savings account: Original post by Jeff Franco of Demand Media A Coverdell Education Savings Account (ESA), though similar to an IRA, is not subject to the same tax treatment by the IRS. Rather, the Coverdell ESA allows you to make nondeductible cash contributions that provide the beneficiary of your choosing with funds to pay for qualified education expenses. Although you don't receive a tax deduction, the funds…

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