Episode
[Series 65] 54, Education Savings 529 and Coverdell
- Podcast
- Open Exam Prep
- Published
- May 17, 2026
- Duration seconds
- 210
- Processing state
not_requested- Canonical source
- https://open-exam-prep.captivate.fm/episode/series-65-54-education-savings-529-and-coverdell
Actions
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Summary
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - That 529 plan contributions may be deductible at the state level, but not the federal level. - How the five-year gift tax averaging, or 'superfunding,' rule works for 529 plans. - The specific types of qualified education expenses for both 529 plans and Coverdell ESAs. - The strict annual contribution limit of $2,000 per beneficiary for a Coverdell ESA. - That high-income earners are prohibited from contributing to a Coverdell ESA, but not a 529 plan. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep