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*Coverdell Education Savings Account Application
1Modified Adjusted Gross Income (MAGI) is your Adjusted Gross Income (AGI) with standard deductions included.
2State and local taxes may apply.
3Depositor: The person who establishes the Custodial Account and may designate himself or herself as the Responsible Individual if the Depositor is a parent or guardian of the Designated Beneficiary.
4Designated Beneficiary: The child on whose behalf the CESA has been established.
5Responsible Individual: The individual who is authorized to act on the account and must be a parent or guardian of the Designated Beneficiary. The Designated Beneficiary will become the Responsible Individual upon reaching the age of majority.
IRS Circular 230 Disclosure: American Century Companies, Inc. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with American Century Companies, Inc. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties.
This information is for educational purposes only and not intended as tax advice. Please consult your tax advisor for more detailed information or for advice regarding your individual situation.