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Greetings, CJHutch, and welcome. You asked:

<<So could I set up 2 separate EIRA's for a single child, and contribute the max of $500 to each, for a total of $1000 per year?>>

No, you cannot. The EIRA contributions for the same child from all sources in one year cannot exceed $500. You could in the same year contribute $250 to two EIRA for the same child, though. That's assuming you could find a custodian willing to take that little because it's tough enough finding those that will take the $500.

Regards..Pixy
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