What COVERDELL EDUCATION SAVINGS ACCOUNT (ESA) means: A tax-favored savings plan under which any number of taxpayers may contribute up to a total of $2,000 per year per eligible beneficiary. Contributions are nondeductible. Earnings withdrawals are tax free and penalty free if they do not exceed the amount of qualified education expenses for the year.
- Definition Capital Loss:
- Dictionary sale or exchange of a capital asset. Up to $3,000 ($1,500 if married and filing a separate return) of net capital loss is deductible annually with the excess carried forward to future years. Losses coverdell education savings account (esa) definition.
- Definition Capital Stock:
- Dictionary Shares of stock that represent ownership of a portion of the corporation coverdell education savings account (esa) explain.
- Definition Capitalize:
- Dictionary To treat the cost of additions and improvements to property as a capital improvement or expenditure coverdell education savings account (esa) what is.
- Definition Constructive Receipt:
- Dictionary taxpayer is taxed on income only as it is received. But if the income was unreservedly subject to his or her demand and he or she could have received it but chose not to do so, it is regarded as coverdell education savings account (esa) meaning.
How works Coverdell Education Savings meaning in Tax definitions C .
