Q30. Does the Internal Revenue Service provide a publication that contains more information on Xxxxxxxxx ESAs? A30: Yes. IRS Publication 970, Tax Benefits for Higher Education, contains information regarding the Xxxxxxxxx ESA, as well as claiming the Hope Credit, Lifetime Learning Credit, student loans, penalty-free withdrawals from IRAs for certain education expenses, employer-provided educational assistance and qualified state tuition programs. The Custodian recommends that the Depositor, Designated Beneficiary and/or Responsible Individual read Publication 970 before making contributions to or taking distributions from a Xxxxxxxxx ESA. Publication 970 can be downloaded from the IRS web site at xxx.xxx.xxx.
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Samples: Custodial Agreement, americanira.com, www.crmfunds.com