Contribution Eligibility. For tax years beginning before 2020, you are eligible to make a regular contribution to your IRA if you have compensation and have not attained age 70½ by the end of the taxable year for which the contribution is made. For 2020 and later tax years, you may make a regular contribution to your IRA at any age if you have compensation.
Appears in 24 contracts
Samples: Individual Retirement Custodial Account Agreement, Individual Retirement Trust Account Agreement, Ira Plan Agreement
Contribution Eligibility. For tax years beginning before 2020, you are eligible to make a regular contribution to your IRA if you have compensation and have not attained age 70½ by the end of the taxable year for which the contribution is made. For 2020 and later tax years, you may make a regular contribution to your IRA at any age if you have compensation. For tax years before 2020, you are eligible to make a regular contribution to your IRA if you have not reached age 70 ½ by the end of the taxable year for which the contribution is made and you have compensation for that year.
Appears in 1 contract
Samples: Traditional Individual Retirement Custodial Agreement
Contribution Eligibility. For tax years beginning before 2020, 2020 you are eligible to make a regular contribution to your IRA if you have compensation and have not attained age 70½ by the end of the taxable year for which the contribution is made. For 2020 and later tax years, you may make a regular contribution to your IRA at any age if you have compensation.
Appears in 1 contract
Samples: Ach Agreement
