some of the fine print, though these was useful AN.
Thanks again.
[quote]
Any individual may contribute a maximum of $2,000 a year to a Coverdell ESA for the benefit of any person under age 18. But the contribution limit is phased out for contributors with a modified adjusted gross income between $95,000 and $110,000 for single persons and between $190,000 and $220,000 for joint filers. (The phase-out is ratable, i.e., if you’re single and your income is halfway between $95,000 and $110,000, then you can contribute $1,000 — half of the maximum.)
But if you exceed those income limits, don’t worry. Just give the money to the kid and let him open the Coverdell ESA himself.
[/quote]
