Statements (28)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
tax-advantaged savings account
|
| gptkbp:administeredBy |
financial institutions
|
| gptkbp:ageLimitForDistribution |
funds must be distributed by age 30
|
| gptkbp:beneficiaryAgeLimit |
must be under age 18 when contributions are made
|
| gptkbp:benefit |
earnings grow tax-free
withdrawals for qualified education expenses are tax-free |
| gptkbp:contributionDeadline |
April 15 of the following year
|
| gptkbp:eligibility |
books
industrial equipment tuition fees supplies room and board (if enrolled at least half-time) |
| gptkbp:establishedBy |
gptkb:Taxpayer_Relief_Act_of_1997
|
| gptkbp:fullName |
Coverdell Education Savings Account
|
| https://www.w3.org/2000/01/rdf-schema#label |
Coverdell ESA
|
| gptkbp:maximumLoanAmount |
$110,000 for single filers
$2,000 per beneficiary per year $220,000 for joint filers |
| gptkbp:penaltyForNonQualifiedWithdrawal |
subject to income tax and 10% penalty
|
| gptkbp:previousName |
Education IRA
|
| gptkbp:purpose |
save for education expenses
|
| gptkbp:qualifiedEducationLevel |
gptkb:Elementary_School
gptkb:secondary_school post-secondary education |
| gptkbp:transferredTo |
another eligible family member
|
| gptkbp:bfsParent |
gptkb:Coverdell_Education_Savings_Accounts
|
| gptkbp:bfsLayer |
7
|