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http://boards.fool.com/are-contributions-tax-deductible-by-the-15544475.aspx
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| Subject: Re: Education IRA | Date: 8/10/2001 9:20 PM | |
| Author: Charlie48K | Number: 53236 of 118618 | |
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Are contributions tax deductible by the contributor for contributions to an education IRA? No. See IRS Publication 590. The earnings are tax free though and so are the withdrawls if used for qualifying educatinal expenses. I've heard that can even be for a computer used in K to 12. |
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