CESA accounts require that joint filers earn a modified adjusted gross income of less than $220,000 ($110,000 for single filers), with a minor named as account beneficiary. The account is held in the child’s name, with assets controlled by the guardian or parent until withdrawal date. While deposits into a CESA are only allowed until the beneficiary reaches 18, the accounts may remain open until he or she reaches the age of 30. Federal income tax advantages of CESA accounts are available so long as the funds are utilized for specified purposes related to qualified education expenses. These include school fees, books and supplies, and tuition.