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An individual retirement account from which withdrawals may be made tax-free if the withdrawn funds are used for education costs.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

译者Gloria，毕业于法国顶尖的高级翻译学院，擅长翻译各种与企业设立相关的法律文件。