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Varvara68 [4.7K]
3 years ago
13

Which of the following is a characteristic of the coverdell education savings account?

Business
2 answers:
Natali5045456 [20]3 years ago
7 0

Answer:

D) there is a maximum yearly contribution limit is the answer,

Explanation:

Coverdell education savings account also known as Coverdell ESA, is a tax-advantaged investment account in the U.S.; it is designed to encourage savings to cover future expenses related to education, like books, tuition, or uniforms. Since 2013, the permanent limit is $2,000, so letter D is the right answer.

bulgar [2K]3 years ago
4 0
D. There is a maximum yearly contribution limit
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