Tax-Deferred Earnings. The investment earnings of the Xxxxxxxxx ESA are not subject to federal income tax as they accumulate in the Xxxxxxxxx ESA. In addition, distributions of the Xxxxxxxxx ESA earnings will be free from federal income tax if the distributions are taken to pay for qualified education expenses, as discussed below.
Appears in 24 contracts
Samples: Plan Agreement, Coverdell Esa Custodial Account Agreement, Coverdell Esa Custodial Account Agreement
Tax-Deferred Earnings. The investment earnings of the Xxxxxxxxx ESA are not subject to federal income tax as they accumulate in the Xxxxxxxxx ESA. In addition, distributions of the Xxxxxxxxx ESA earnings will be free from federal income tax if the distributions are taken to pay for qualified education expenses, expenses as discussed below.
Appears in 1 contract
Samples: www.arrowfunds.com
