Multiple Select Question

Select all that apply

Which of the following are characteristics of Coverdell Educational Savings Accounts?

Multiple select question.

Expenses for higher education, such as tuition and books, are NOT qualified educational expenses for this type of account.

The maximum yearly contributions to the account are limited to $$2,000$ for each beneficiary.

The contribution limit is available to all taxpayers and is NOT subject to any phase out for higher levels of AGI.

Reasonable room and board costs are included in qualified higher education expenses.

The distributions can be used for qualified education expenses from kindergarten through $12$th grade.