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Am I allowed to contribute to a Coverdell Education Savings Account (aka Educational IRA)?

April 26, 2017AKA allowed contribute Coverdell Education educational IRA savings account

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Am I allowed to contribute to a Coverdell Education Savings Account (aka Educational IRA)?

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A. To qualify for contributing to a Coverdell ESA, you must have income from compensation (or be filing jointly with a spouse who earns compensation) with the following AGI:* • Up to $95,000 for single filers • Up to $150,000 for joint filers Some people with higher AGI may be able to make smaller contributions. Contributions not allowed after the beneficiary reaches age 18.