education individual retirement account

An individual retirement account from which withdrawals may be made tax-free if the withdrawn funds are used for education costs.

• Before 2002, annual contributions were limited to $500. In 2002, the contribution limit increased to $2,000 per year for families with incomes under $190,000.

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词条贡献者

法律翻译Scott，毕业于新加坡知名法学院，专注翻译各类与豪华住宅买卖有关的法律文件。