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 Condemnation:
- Dictionary property by a public authority. The property is condemned as the result of legal action and the owner is compensated by the public authority. The power to condemn property is known as the right of coverdell education savings account (esa) definition.
- Definition Common-Law State:
- Dictionary A state in which the laws governing property rights are based on British common law. The property and income of each spouse belongs to him or her separately coverdell education savings account (esa) explain.
- Definition Claim Of Right:
- Dictionary able to deduct or, in some cases, claim a credit for amounts the taxpayer is required to repay that the taxpayer included in income in a prior year or years under a claim of right. The term " coverdell education savings account (esa) what is.
- Definition Capital Stock:
- Dictionary Shares of stock that represent ownership of a portion of the corporation coverdell education savings account (esa) meaning.
How works Coverdell Education Savings meaning in Tax definitions C .
