[quote=Scarlett]Doesn’t Coverdell have a limit for the parents income ($95K single, 190K joint)?[/quote]
For married taxpayers filing jointly, the $2,000 contribution limit begins to be phased out when modified AGI exceeds $190,000, and is completely phased out when modified AGI reaches $220,000. For all other taxpayers the $2,000 contribution limit begins to be phased out when modified AGI exceeds $95,000, and is completely phased out when modified AGI reaches $110,000.
