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 Convertible:
- Dictionary A bond or preferred stock that may, under specified conditions, be exchanged for common stock or another security, usually of the same corporation coverdell education savings account (esa) definition.
- Definition Cost Recovery:
- Dictionary used to refer to depreciation claimed under the ACRS or MACRS methods of depreciation. See also Accelerated Cost Recovery System (ACRS) and Modified Accelerated Cost Recovery System (MACRS coverdell education savings account (esa) explain.
- Definition Copyright:
- Dictionary The exclusive legal right to sell, reproduce, or publish a literary, musical, or artistic work coverdell education savings account (esa) what is.
- Definition Calendar Year:
- Dictionary A year that begins January 1 and ends December 31 coverdell education savings account (esa) meaning.
How works Coverdell Education Savings meaning in Tax definitions C .
