Annual Contribution Limit Sample Clauses

Annual Contribution Limit. Your regular traditional ▇▇▇ contributions for a year cannot exceed the annual contribution limit (which is the amount stated in the following table). The annual contribution limit is higher in the year you reach age 50 and in each subsequent year. For example, if you reach age 50 by December 31, 2007, then this limit is $5,000 for 2007.
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Annual Contribution Limit. Section 529A mandates an annual contribution limit for qualified ABLE programs. The Annual Contribution Limit is currently $17,000, but there is an exception to this
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Annual Contribution Limit. Your regular ▇▇▇▇ ▇▇▇ contributions for a year cannot exceed the annual contribution limit (which is the amount stated in the following table), minus your regular contributions to traditional IRAs for the year. The annual contribution limit is higher starting with
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Annual Contribution Limit. The amount you may contribute to an HSA is limited. It depends on whether you are enrolled in single or family coverage. It is also subject to annual cost-of-living adjustments. The annual contribution limit is published each year by the IRS. It is described in IRS Publication 969, discussed above, or we also provide a HSA Contribution Limit Calculator under “Resources” on your online account.
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Annual Contribution Limit. The program has an Annual Contribution Limit per year per Beneficiary from all sources equal to the annual gift tax exclusion, which is $18,000 for 2024. Certain beneficiaries can make limited contri- butions to an account exceeding the Annual Contribution Limit (the “Expanded ACL”). To be eligible under Code §529A to make additional contributions up to the Expanded ACL, you must be an employee (including an “employee” under Code §401(c), which includes certain self-em- ployed individuals) for whom no contribution is made for the tax year to:
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Annual Contribution Limit. The annual contribution limit applicable to the sum of Employer Contributions and Salary Reduction Contributions made in any taxable year of the Participant, may not exceed the Participant's exclusion allowance, as defined in Section 403(b)(2) of the Code, except that such Participant may elect to have the exclusion allowance determined under Section 415(c) of the Code. The Participant shall be responsible for computing his exclusion allowance under Sections 403(b)(2), or if applicable, under Section 415(c) of the Code, and shall promptly notify the Custodian when the sum of Employer Contributions and Salary Reduction Contributions exceeds the applicable exclusion allowance of the Participant. In that event, the Participant shall direct the Custodian to distribute the amounts in excess of the exclusion allowance as Excess Contributions under Section 3.08 of this Agreement.
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Related to Annual Contribution Limit

  • Annual Contributions □ Check enclosed in the amount of $ representing current contribution for tax year 20 .

  • Maximum Contribution The total amount you may contribute to an IRA for any taxable year cannot exceed the lesser of 100 percent of your compensation or $6,000 for 2019 and 2020, with possible cost- of-living adjustments each year thereafter. If you also maintain a ▇▇▇▇ ▇▇▇ (i.e., an IRA subject to the limits of Internal Revenue Code Section (IRC Sec.) 408A), the maximum contribution to your Traditional IRAs is reduced by any contributions you make to your ▇▇▇▇ IRAs. Your total annual contribution to all Traditional IRAs and ▇▇▇▇ IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation.

  • Initial Contribution The member agrees to make an initial contribution to the Company of $____________.

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.