Coverdell Contribution Limit

[dczech09]

Hey all,

Does anyone know if the Coverdell limit reverted back to $500 per beneficiary per year? I am pretty sure it has, but I have not found any conclusive evidence on this yet. Even the IRS website has not really helped me out.

If anyone could point me to a credible source that states that the Coverdell has officially reverted back to $500, it would be greatly appreciated. Thanks!

[sandrark]

No, as part of the Fiscal Cliff deal, they are set permanently now at $2K per year.

Education Incentives Survive Fiscal Cliff

[dczech09]

Awesome! Thank you very much!