Without regard to AGI limitations, what is the maximum contribution permitted to a Coverdell Education Savings Account

Question:

Without regard to AGI limitations, what is the maximum contribution permitted to a Coverdell Education Savings Account in 2019?

a. $500

b. $2,000

c. $6,000

d. The lower of $6,000 or 100% of compensation

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fundamentals Of Taxation 2020 Edition

ISBN: 9781260483147

13th Edition

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler

Question Posted: