Anyone whose income meets the following criteria can contribute to a Coverdell Education Savings Account:
(Individuals with an adjusted gross income of $95,000 to $110,000, if single, and between $190,000 and $220,000 if married, may make partial contributions.)
Contribution guidelines for Coverdell Education Savings Accounts:
Contributions to Coverdell Education Savings Accounts are not tax deductible.
Funds can be used for qualified education institutions and expenses.
Investment options include:
The information provided should not be considered as tax or legal advice. Please consult with your tax advisor and/or attorney regarding your individual circumstances.
Only deposit products are FDIC insured.
Penalty may result from early withdrawal.
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