re: Coverdell vs 529 differences???

I can't remember the exact wording of how the max is calculated but it was something like $325,000 when I checked a couple of years ago. In theory you could fund it in a single contribution but only get state tax deduction for $4,800 MFJ return, lol. The state however would match 2-14% of the total contribution based on your AGI from last years tax return.