2005 Annual Limits Relating to Financial Planning – Education Funding Incentives

Coverdell Education Savings Account Contribution $2,000
Phaseout for Education Savings Accounts
    Single
    married filing jointly
$95,000 – $110,000
$190,000 – $220,000
Phaseout of exclusion for EE bonds
    Single
    married filing jointly
$61,200 – $76,200
$89,750 – $119,750
Phaseout of Hope Scholarship and Lifetime Learning Tax Credits
    Single
    married filing jointly
$43,000 – $52,000
$87,000 – $107,000
Phaseout of Deductibility of Student Loan Interest
    Single
    married filing jointly
$50,000 – $65,000
$105,000 – $135,000
Phaseout of Deduction for Higher Education Expenses
    Single
    married filing jointly
$65,000
$130,000

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