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5498 Esa Form

5498 Esa Form

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What makes the 2019 form esa legally valid?

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Video instructions and help with filling out and completing 5498 Esa Form

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Instructions and help about irs form 5498 esa

Hi Mark Kohler here with another two-minute tax and legal tip let's talk about the education or Coverdale IRA these are amazing little tools that can be used to save for your child's education Now you're gonna see a lot of commercials out there for the 5 to 9 or 529 plan and they're touted as being the best for college savings because you can put large contributions in there But I love the Coverdale or educational IRA because of their flexibility let's talk about 5 benefits of the education IRA Number one, I don't know if we want to call our benefit, but let's go through the rules here is that you can only contribute $2,000 now that's not a bad thing, but it's a start you can put away $2,000 per child per year Now that's not a tax-deductible contribution But it's an account that grows tax-free and comes out tax-free for your child's educational expenses Number two you need to be aware of inc

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