A Coverdell Education Savings Account (ESA) is a tax-advantaged savings account designed to help families save for educational expenses. Contributions to a Coverdell ESA are not tax-deductible, but the money grows tax-free, and withdrawals for qualified education expenses are also tax-free. This includes costs for elementary, secondary, and higher education. Individuals can contribute up to $2,000 per year per beneficiary, and the account must be used before the beneficiary turns 30, although exceptions exist for special needs beneficiaries. Funds can be used for tuition, books, and other related expenses, making it a flexible option for education savings.