Charlemagne (c.742-814), also known as Karl and Charles the Great, was a medieval emperor who ruled much of Western Europe from 768 to 814. In 771, Charlemagne became king of the Franks, a Germanic tribe in present-day Belgium, France, Luxembourg, the Netherlands and western Germany. He embarked on a mission to unite all Germanic peoples into one kingdom, and convert his subjects to Christianity.
Subject to the income limitation described below, anyone can contribute to a Coverdell account for a particular child. Parents, grandparents, aunts and uncles â even a friend of the family can set one up. The child can even contribute to his or her own Coverdell account.
Coverdell Education Savings Accounts The idea of a tax-advantaged investment account for K-12 education isnât entirely new. The Coverdell ESA has been around since 1998, offering tax-free investing for K-12 and higher education expenses â but only for those within certain income limits. To realize the full benefit in 2017, a parent must have a Modified Adjusted Gross Income of less than $95,000 ($190,000 for married couples), and contribution limits begin to phase out at $110,000 ($220,000).