A Coverdell Education Savings Account (ESA) is a tax-advantaged savings account designed to help families save for educational expenses. Contributions to an ESA are not tax-deductible, but the money grows tax-free, and withdrawals for qualified education expenses are also tax-free. This makes it a useful tool for saving for both K-12 education and higher education costs. Individuals can contribute up to $2,000 per year to an ESA, but there are income limits for contributors. Funds can be used for a variety of expenses, including tuition, books, and supplies, making it a flexible option for families planning for their children's education.