How Much May I Contribute to. a Xxxxxxxxx Education Savings Account? Step 1 Subtract the applicable dollar amount from your adjusted gross income as modified above. If the result is $15,000 or more ($30,000 or more in the case of a married individual filing jointly), you may not make a contribution to a Xxxxxxxxx Education Savings Account. Step 2 Divide the above figure by $15,000 ($30,000 in the case of a married individual filing jointly), and multiply that percentage by $2,000. Step 3 Subtract the dollar amount (result from (2) above) from $2,000 to determine the amount that you may contribute to a Xxxxxxxxx Education Savings Account.
Appears in 6 contracts
Samples: Custodial Account Agreement, Custodial Account Agreement, Custodial Account Agreement
