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: