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Posted

On July 26, 2001, the president ( Bush) signed into law a measure that in effect changes the name of the Education IRA to "Coverdell Education Savings Accounts" . The new name is in honor of the late Paul Coverdell, who served as senator from Georgia from January, 1993 until his death in July, 2000.

Under EGTRRA, the contribution limit for Education was increased to $2,000, effective for tax years beginning 2002.

Life and Death Planning for Retirement Benefits by Natalie B. Choate
https://www.ataxplan.com/life-and-death-planning-for-retirement-benefits/

www.DeniseAppleby.com

 

Guest Jeanne
Posted

Can you please reference where you obtained the information regarding the name change of the Education IRA? I need to present this to my Marketing area if we need to update our applications and forms. thank you

Guest Jeanne
Posted

Thank you, Appleby! have a great weekend!

  • 2 weeks later...
Guest Taxwoman
Posted

Does anyone know the law number- I need it for a presentation

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