Annual Contributions. You may make annual contributions to your Xxxx XXX anytime up to and including the due date, not including extensions, for filing your tax return for the year for which the contribution is made (generally April 15th). Contributions (other than rollover, recharacterized or conversion contributions in a form and manner acceptable to the Custodian) must be made in cash and not in-kind. All contributions to a Xxxx XXX are nondeductible. Catch Up Contributions. If you are at least age 50 by December 31 of the calendar year to which a contribution relates, you may make a “catch up” contribution to your Xxxx XXX in addition to the annual contribution. It is your responsibility to ensure that you meet the requirements for making a catch up contribution, and for ensuring that you do not exceed the limits as applicable.
Appears in 4 contracts
Samples: Retirement Account Customer Agreement, Roth Ira Custodial Agreement, Ira Custodial Agreement
Annual Contributions. You may make annual contributions to your Xxxx XXX anytime up to and including the due date, not including extensions, for filing your tax return for the year for which the contribution is made (generally April 15th). Contributions (other than rollover, recharacterized or conversion contributions in a form and manner acceptable to the Custodian) must be made in cash and not in-kind. All contributions to a Xxxx XXX are nondeductible. Catch Catch-Up Contributions. If you are at least age 50 by December 31 of the calendar year to which a contribution relates, you may make a “catch catch-up” contribution to your Xxxx XXX in addition to the annual contribution. It is your responsibility to ensure that you meet the requirements for making a catch up contribution, and for ensuring that you do not exceed the limits as applicable.the
Appears in 1 contract
Samples: Roth Ira Custodial Agreement
