Due to the inclement weather, our Joliet and Countryside branch locations are still experiencing power outages. We thank you for your patience and apologize for the inconvenience.
Due to the power outage at our Countryside location, the First Time Home Buyer Seminar (presented in Spanish) will be postponed until Saturday, June 27th. We sincerely apologize for any inconvenience this change may cause and appreciate your understanding.
Our offices will be CLOSED on Friday, June 19th, in observance of the Juneteenth holiday. All locations will reopen on Saturday, June 20th, for regular business.
CES Accounts
Q: Who can contribute?
Effective January 1, 2002 , contributions up to $2,000 per taxable year to benefit a child under the age of 18 may be made by:
Anyone filing a Single Tax Return with MAGI* up to $95,000
Married couples filing a Joint Tax Return with MAGI* up to $190,000
Those with higher MAGI* may be able to make smaller contributions
Q: What Are The Tax Advantages?
Tax Free Withdrawals for certain qualified education expenses
Qualified higher-education expenses” (tuition, fees, books, supplies, and equipment)
Elementary and secondary school expenses and any computer technology or equipment that is used by the beneficiary and the beneficiary’s family during any of the years that the beneficiary is in school
Q: When can withdrawals be taken without penalty?
Withdrawals are tax-free and penalty-free only for qualified education expenses
