Frequently asked questions
Any child under the age of 18 can be named a beneficiary.
The max is $2,000 per year per child younger than age 18.
Your combined contributions can’t exceed the $2,000 max per child.
The funds must be used by the time the child reaches age 30. They can be spent on qualified educational expenses such as tuition, fees, books, supplies, uniforms and more.
Yes, assets from a Coverdell account may be transferred to the assets of a sibling’s Coverdell Education Savings Account.
No, unfortunately not. Please consult your tax adviser for more information.
Yes, they are!