| 2010 is the last chance to use funds in a Coverdell Education Savings account to pay for private elementary and high school tuition!
It appears that 2010 is the last chance to use funds in a Coverdell Education Savings account to pay for private elementary and high school tuition.
Apparently, starting next year, "only college-related costs will qualify for tax-free distributions."
Furthermore, this is also the final year one can use funds from a 529 college-savings account tax-free to purchase a computer, software or Internet service for your student. It is worth purchasing a computer for students prior to the end of year!
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