I would like to know if any of the following expenses are reimbursable (tax free) from a Coverdell ESA?
Submitting SAT/ACT scores to colleges
College application fees (typically $60-$80 per app)
Computer for college
Any other pre-college expenses I may have missed?
Terry Says: There are so many features of a Coverdell account that I am going to refer you to my favorite website for college savings plan issues — SavingforCollege.com. Here’s a link to their main feature on Coverdell Accounts: http://www.savingforcollege.com/articles/coverdell-ESA-versus-529-Plan
If that doesn’t have specific answers for all of these issues, you can ask them directly.