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Business, 09.06.2021 05:00 baileysosmart

In 2020, Amanda set up Coverdell education savings accounts for each of her four grandchildren, aged 7, 9, 14, and 16. She would like to contribute the annual maximum to each savings account when she usually makes other annual-election gifts every year on December 31. The annual maximum for 2020 is $2,000. How much can she contribute in total to the Coverdell education savings accounts in 2020 and each of the next four years

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In 2020, Amanda set up Coverdell education savings accounts for each of her four grandchildren, aged...
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