2020 Education

What is the Coverdell Education Savings Account contribution phase outs for 2020?

Contributors must have a modified adjusted gross income of less than $190,000 ($95,000 for single filers) to be eligible for the full $2,000 contribution. If your modified adjusted gross income falls between $190,000 and $220,000 ($95,000 and $110,000 for single filers), the $2,000 cap is gradually phased out. For more information please refer to the table below.