Which of the following educational saving alternatives allows pre-tax deposits?
A)Series EE.
B)Coverdell education savings.
C)529 plans.
D)All of the above.
E)None of the above.

Question

Quizplus · Accepted Answer

None of the options listed allow for pre-tax deposits. Contributions to Series EE Savings Bonds, Coverdell Education Savings Accounts, and 529 plans are made with after-tax dollars. However, the interest or earnings may grow tax-free or be tax-deferred, and withdrawals for qualified education expenses may be tax-free.

Which of the Following Educational Saving Alternatives Allows Pre-Tax Deposits