Maximum Coverdell Contribution 2024. They range from $235,000 to upward of $500,000. Rules for contributions to a coverdell education savings account.
The total contributions for a given year. The contribution maximum shrinks based on your modified adjusted gross income (magi), which is your gross income with certain expenses subtracted.
Single Or Married Filing Separately.
The contribution maximum shrinks based on your modified adjusted gross income (magi), which is your gross income with certain expenses subtracted.
In 2024, A Family With An Adjusted Gross Income Below $190,000 Or A Single Taxpayer With An Adjusted Gross Income Below $95,000 Is Eligible To Open And Contribute.
The maximum annual contribution limit is $2,000 per year.
And You Can Contribute The Maximum If Your Modified Adjusted Gross Income (Magi) Is Under $95,000.
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If You Have A Plan With.
Rules for contributions to a coverdell education savings account.
In 2024, The Annual 529 Plan Contribution Limit Rises To $18,000 Per Contributor.
This is for single taxpayers with an agi of $95,000 and below as well as joint taxpayers with an agi of $190,000.
And You Can Contribute The Maximum If Your Modified Adjusted Gross Income (Magi) Is Under $95,000.