Coverdell Education Savings Account (LO. 10) Alex and Carmin are married and have two children, ages 6 and 3. Their adjusted gross income for the year is $117,300. The total amount contributed to an individual's Coverdell Education Savings Account is limited to $ If their adjusted gross income is $208,000, the maximum contribution that can be made to each child's education savings account is (Hint. The amount an individual can contribute to a CESA is phased out ratably for married taxpayers filing a joint return with adjusted gross income between $190,000 and $220,000.)