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Coverdell IRA taxes: Original post by Jane Meggitt of Demand Media Formerly known as education individual retirement accounts (IRAs), Coverdell Education IRAs can be used to help you save for a child's higher education. As long as the funds are used for educational expenses, there are no taxes due when a Coverdell Education IRA is cashed out. Eligible educational expenses include tuition, books, required equipment,…

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