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Posted by Todd H. on December 14, 2006, 3:10 pm
Say you have only $2000 to throw at education for a dependent in a
given year. Assuming your income is under the threshold for
participation in an ESA, are there any reasons NOT to opt for an ESA
over a 529?
To my investigation thus far at least, it seems like ESA's are more
flexible in that they can be spent on primary or secondary education
if the need arises and they seem to get similar tax treatment at least
on the federal level?
Just curious if I'm missing other benfits to a 529. I'm in Illinois
if that makes any difference.
Thanks for any insights!
Best Regards,
--
Todd H.
http://www.toddh.net/
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