Do We Have to Pay Taxes on Earnings of an Education IRA?
I am trying to figure out which type of education savings plan will give us the most tax benefits. Right now I am looking into the Education Ira. Can anyone tell me whether or not you have to pay taxes on the earnings of the money you invest in this type of IRA? I don’t want my kids to owe taxes on this when they withdraw it to pay for school. How exactly does this work? I would love it if someone could tell me where I can go to find out more information on this type of IRA so that I can make an informed decision.
