Coverdell ESA
As far as I'm aware, the only financial assistance for sending a kid through daycare is either the child-care credit or the child-care flex account through employers
We're already max'd out on the child-care flex account.
Now here's something I'm just learning about, Coverdell Education Savings Account Formerly known as the Education IRA. Qualified expenses:
Tuition, room, board, fees, supplies, and special needs related to the attendance of a qualified elementary, secondary, or post-secondary institution
A comparison of educational savings programs here
I've never been a fan of the 529 program. Although we participate in Upromise, I haven't designated a "student" yet.
More on Coverdell ESA:
Unless Congress acts, certain ESA benefits expire after 2010. K -12 expenses will no longer qualify, the annual contribution limit will be reduced to $500, and withdrawals will not be tax-free in any year in which a Hope credit or Lifetime credit or Lifetime Learning credit is claimed for the beneficiary.
We're already max'd out on the child-care flex account.
Now here's something I'm just learning about, Coverdell Education Savings Account Formerly known as the Education IRA. Qualified expenses:
Tuition, room, board, fees, supplies, and special needs related to the attendance of a qualified elementary, secondary, or post-secondary institution
A comparison of educational savings programs here
I've never been a fan of the 529 program. Although we participate in Upromise, I haven't designated a "student" yet.
More on Coverdell ESA:
Unless Congress acts, certain ESA benefits expire after 2010. K -12 expenses will no longer qualify, the annual contribution limit will be reduced to $500, and withdrawals will not be tax-free in any year in which a Hope credit or Lifetime credit or Lifetime Learning credit is claimed for the beneficiary.