Common use of Maximum Contribution Clause in Contracts

Maximum Contribution. The total amount you may contribute to a Xxxx XXX for any taxable year cannot exceed the lesser of 100 percent of your compensation or $5,500 for 2017 and 2018, with possible cost-of-living adjustments thereafter. If you also maintain a Traditional IRA (i.e., an IRA subject to the limits of Internal Revenue Code (Code) sections 408(a) or 408(b)), the maximum contribution to your Xxxx IRAs is reduced by any contributions you make to your Traditional IRAs. Your total annual contribution to all Traditional IRAs and Xxxx IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation. Your Xxxx XXX contribution is further limited if your modified adjusted gross income (MAGI) equals or exceeds $186,000 (for 2017) or $189,000 (for 2018) if you are a married individual filing a joint income tax return, or equals or exceeds $118,000 (for 2017) or $120,000 (for 2018) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $196,000 (for 2017) or $199,000 (for 2018) may not fund a Xxxx XXX. Married individuals filing a separate income tax return with MAGI equaling or exceeding $10,000 may not fund a Xxxx XXX. The MAGI limits described above are subject to cost-of-living increases for tax years beginning after 2018. If you are married filing a joint income tax return and your MAGI is between the applicable MAGI phase-out range for the year, your maximum Xxxx XXX contribution is determined as follows:

Maximum Contribution. The total amount you may contribute to a Xxxx XXX for any taxable year cannot exceed the lesser of 100 percent of your compensation or $5,500 6,500 for 2017 and 20182023, with possible cost-of-living adjustments each year thereafter. If you also maintain a Traditional IRA (i.e., an IRA subject to the limits of Internal Revenue Code Sections (CodeIRC Secs.) sections 408(a) or 408(b)), the maximum contribution to your Xxxx IRAs is reduced by any contributions you make to your Traditional IRAs. Your total annual contribution to all Traditional Xxxx IRAs and Xxxx Traditional IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation. Your Xxxx XXX contribution is further limited if your modified adjusted gross income (MAGI) equals or exceeds $186,000 218,000 (for 2017) or $189,000 (for 20182023) if you are a married individual filing a joint income tax return, or equals or exceeds $118,000 138,000 (for 2017) or $120,000 (for 20182023) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $196,000 228,000 (for 20172023) may not fund a Xxxx XXX. Single individuals with MAGI equaling or exceeding $199,000 153,000 (for 20182023) may not fund a Xxxx XXX. Married individuals filing a separate income tax return with MAGI equaling or exceeding $10,000 may not fund a Xxxx XXX. The MAGI limits described above are subject to cost-of-living increases for tax years beginning after 2018. If you are married filing a joint income tax return and your MAGI is between the applicable MAGI phase-out range for the year, your maximum Xxxx XXX contribution is determined as follows:2023.

Maximum Contribution. The total amount you may contribute to a Xxxx XXX for any taxable year cannot exceed the lesser of 100 percent of your compensation or $5,500 for 2017 2014 and 20182015, with possible cost-of-living cost‐of‐living adjustments each year thereafter. If you also maintain a Traditional IRA XXX (i.e., an IRA XXX subject to the limits of Internal Revenue Code Sections (CodeIRC Secs.) sections 408(a) or 408(b)), the maximum contribution to your Xxxx IRAs is reduced by any contributions you make to your Traditional IRAs. Your total annual contribution to all Traditional Xxxx IRAs and Xxxx Traditional IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation. Your Xxxx XXX contribution is further limited if your modified adjusted gross income (MAGI) equals or exceeds $186,000 181,000 (for 20172014) or $189,000 183,000 (for 20182015) if you are a married individual filing a joint income tax return, or equals or exceeds $118,000 114,000 (for 20172014) or $120,000 116,000 (for 20182015) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $196,000 191,000 (for 20172014) or $199,000 193,000 (for 20182015) may not fund a Xxxx XXX. Single individuals with MAGI equaling or exceeding $129,000 (for 2014) or $131,000 (for 2015) may not fund a Xxxx XXX. Married individuals filing a separate income tax return with MAGI equaling or exceeding $10,000 may not fund a Xxxx XXX. The MAGI limits described above are subject to cost-of-living cost‐of‐living increases for tax years beginning after 2018. If you are married filing a joint income tax return and your MAGI is between the applicable MAGI phase-out range for the year, your maximum Xxxx XXX contribution is determined as follows:2015.

Maximum Contribution. The total amount you may contribute to a Xxxx XXX for any taxable year cannot exceed the lesser of 100 percent of your compensation or $5,500 for 2017 2015 and 20182016, with possible cost-cost- of-living adjustments each year thereafter. If you also maintain a Traditional IRA XXX (i.e., an IRA XXX subject to the limits of Internal Revenue Code Sections (CodeIRC Secs.) sections 408(a) or 408(b)), the maximum contribution to your Xxxx IRAs is reduced by any contributions you make to your Traditional IRAs. Your total annual contribution to all Traditional Xxxx IRAs and Xxxx Traditional IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation. Your Xxxx XXX contribution is further limited if your modified adjusted gross income (MAGI) equals or exceeds $186,000 183,000 (for 20172015) or $189,000 184,000 (for 20182016) if you are a married individual filing a joint income tax return, or equals or exceeds $118,000 116,000 (for 20172015) or $120,000 117,000 (for 20182016) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $196,000 193,000 (for 20172015) or $199,000 194,000 (for 20182016) may not fund a Xxxx XXX. Single individuals with MAGI equaling or exceeding $131,000 (for 2015) or $132,000 (for 2016) may not fund a Xxxx XXX. Married individuals filing a separate income tax return with MAGI equaling or exceeding $10,000 may not fund a Xxxx XXX. The MAGI limits described above are subject to cost-of-living increases for tax years beginning after 2018. If you are married filing a joint income tax return and your MAGI is between the applicable MAGI phase-out range for the year, your maximum Xxxx XXX contribution is determined as follows:2016.

Maximum Contribution. The total amount you may contribute to a Xxxx XXX for any taxable year cannot exceed the lesser of 100 percent of your compensation or $5,500 for 2017 and 2018, with possible cost-of-living adjustments thereafter. If you also maintain a Traditional IRA XXX (i.e., an IRA XXX subject to the limits of Internal Revenue Code (Code) sections 408(a) or 408(b)), the maximum contribution to your Xxxx IRAs is reduced by any contributions you make to your Traditional IRAs. Your total annual contribution to all Traditional IRAs and Xxxx IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation. Your Xxxx XXX contribution is further limited if your modified adjusted gross income (MAGI) equals or exceeds $186,000 (for 2017) or $189,000 (for 2018) if you are a married individual filing a joint income tax return, or equals or exceeds $118,000 (for 2017) or $120,000 (for 2018) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $196,000 (for 2017) or $199,000 (for 2018) may not fund a Xxxx XXX. Married individuals filing a separate income tax return with MAGI equaling or exceeding $10,000 may not fund a Xxxx XXX. The MAGI limits described above are subject to cost-of-living increases for tax years beginning after 2018. If you are married filing a joint income tax return and your MAGI is between the applicable MAGI phase-out range for the year, your maximum Xxxx XXX contribution is determined as follows:

Maximum Contribution. The total amount you may contribute to a Xxxx XXX for any taxable year cannot exceed the lesser of 100 percent of your compensation or $5,500 for 2017 and 2018, with possible cost-of-living adjustments each year thereafter. If you also maintain a Traditional IRA XXX (i.e., an IRA XXX subject to the limits of Internal Revenue Code Sections (CodeIRC Secs.) sections 408(a) or 408(b)), the maximum contribution to your Xxxx IRAs is reduced by any contributions you make to your Traditional IRAs. Your total annual contribution to all Traditional Xxxx IRAs and Xxxx Traditional IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation. Your Xxxx XXX contribution is further limited if your modified adjusted gross income (MAGI) equals or exceeds $186,000 (for 2017) or $189,000 (for 2018) if you are a married individual filing a joint income tax return, or equals or exceeds $118,000 (for 2017) or $120,000 (for 2018) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $196,000 (for 2017) or $199,000 (for 2018) may not fund a Xxxx XXX. Single individuals with MAGI equaling or exceeding $133,000 (for 2017) or $135,000 (for 2018) may not fund a Xxxx XXX. Married individuals filing a separate income tax return with MAGI equaling or exceeding $10,000 may not fund a Xxxx XXX. The MAGI limits described above are subject to cost-of-living increases for tax years beginning after 2018. If you are married filing a joint income tax return and your MAGI is between the applicable MAGI phase-out range for the year, your maximum Xxxx XXX contribution is determined as follows:.

Maximum Contribution. The total amount you may contribute to a Xxxx XXX for any taxable year cannot exceed the lesser of 100 percent of your compensation or $5,500 for 2017 and 2018, with possible cost-cost- of-living adjustments each year thereafter. If you also maintain a Traditional IRA XXX (i.e., an IRA XXX subject to the limits of Internal Revenue Code Sections (CodeIRC Secs.) sections 408(a) or 408(b)), the maximum contribution to your Xxxx IRAs is reduced by any contributions you make to your Traditional IRAs. Your total annual contribution to all Traditional Xxxx IRAs and Xxxx Traditional IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation. Your Xxxx XXX contribution is further limited if your modified adjusted gross income (MAGI) equals or exceeds $186,000 (for 2017) or $189,000 (for 2018) if you are a married individual filing a joint income tax return, or equals or exceeds $118,000 (for 2017) or $120,000 (for 2018) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $196,000 (for 2017) or $199,000 (for 2018) may not fund a Xxxx XXX. Single individuals with MAGI equaling or exceeding $133,000 (for 2017) or $135,000 (for 2018) may not fund a Xxxx XXX. Married individuals filing a separate income tax return with MAGI equaling or exceeding $10,000 may not fund a Xxxx XXX. The MAGI limits described above are subject to cost-of-living increases for tax years beginning after 2018. If you are married filing a joint income tax return and your MAGI is between the applicable MAGI phase-out range for the year, your maximum Xxxx XXX contribution is determined as follows:.

Maximum Contribution. The total amount you may contribute to a Xxxx XXX for any taxable year cannot exceed the lesser of 100 percent of your compensation or $5,500 for 2017 2014 and 20182015, with possible cost-of-living adjustments each year thereafter. If you also maintain a Traditional IRA (i.e., an IRA subject to the limits of Internal Revenue Code Sections (CodeIRC Secs.) sections 408(a) or 408(b)), the maximum contribution to your Xxxx IRAs is reduced by any contributions you make to your Traditional IRAs. Your total annual contribution to all Traditional Xxxx IRAs and Xxxx Traditional IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation. Your Xxxx XXX contribution is further limited if your modified adjusted gross income (MAGI) equals or exceeds $186,000 181,000 (for 20172014) or $189,000 183,000 (for 20182015) if you are a married individual filing a joint income tax return, or equals or exceeds $118,000 114,000 (for 20172014) or $120,000 116,000 (for 20182015) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $196,000 191,000 (for 20172014) or $199,000 193,000 (for 20182015) may not fund a Xxxx XXX. Single individuals with MAGI equaling or exceeding $129,000 (for 2014) or $131,000 (for 2015) may not fund a Xxxx XXX. Married individuals filing a separate income tax return with MAGI equaling or exceeding $10,000 may not fund a Xxxx XXX. The MAGI limits described above are subject to cost-of-living increases for tax years beginning after 2018. If you are married filing a joint income tax return and your MAGI is between the applicable MAGI phase-out range for the year, your maximum Xxxx XXX contribution is determined as follows:2015.

Maximum Contribution. The total amount you may contribute to a Xxxx XXX for any taxable year cannot exceed the lesser of 100 percent of your compensation or $5,500 6,000 ($7,000 for 2017 and 2018taxpayers aged 50 or over at the end of the tax year, see below Section D) for 2019, with possible cost-of-of- living adjustments each year thereafter. If you also maintain a Traditional IRA XXX (i.e., an IRA XXX subject to the limits of Internal Revenue Code Sections (CodeIRC Secs.) sections 408(a) or 408(b)), the maximum contribution to your Xxxx IRAs is reduced by any contributions you make to your Traditional IRAs. Your total annual contribution to all Traditional Xxxx IRAs and Xxxx Traditional IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation. Your Xxxx XXX contribution is further limited if your modified adjusted gross income (MAGI) equals or exceeds $186,000 (for 2017) or $189,000 (for 2018) or $193,000 (for 2019) if you are a married individual filing a joint income tax return, or equals or exceeds $118,000 (for 2017) or $120,000 (for 2018) or $122,000 (for 2019) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $196,000 (for 2017) or $199,000 (for 2018) or $203,000 (for 2019) may not fund a Xxxx XXX. Single individuals with MAGI equaling or exceeding $135,000 (for 2018) or $137,000 (for 2019) may not fund a Xxxx XXX. Married individuals filing a separate income tax return with MAGI equaling or exceeding $10,000 may not fund a Xxxx XXX. The MAGI limits described above are subject to cost-of-living increases for tax years beginning after 2018. If you are married filing a joint income tax return and your MAGI is between the applicable MAGI phase-out range for the year, your maximum Xxxx XXX contribution is determined as follows:2019.