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Level 2
February 11, 2020
Question

CHET MFS

  • February 11, 2020
  • 2 replies
  • 25 views

Hello,

 

1) Can both parents report CHET contributions to a same account (married filing separately) if both parents contribute to the account?

 

2) If only 1 parent can report CHET contribution, who must it be? Can it be any parent or must it be the one who actually owns (signed up for) the account?

 

Many thanks!

    2 replies

    KrisD15
    Level 15
    February 11, 2020

    Yes, each can claim up to $5,000

     

     "(1) $5,000 for an individual who is single, head of household, or married/civil union filing separately;"

     

    Reference

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    Level 2
    February 13, 2020

    Great, thanks!