Which of the following statements regarding a Coverdell Education Savings Account CESA) is correct?
A) A contributor cannot make a contribution for himself/herself.
B) Annual contributions are limited to $2,000 per beneficiary,per contributor.
C) For single taxpayers,permitted contributions begin to be phased out when AGI reaches $90,000.
D) An individual can be the beneficiary of multiple CESAs.
Correct Answer:
Verified
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