Common use of Limitations and Restrictions Clause in Contracts

Limitations and Restrictions. ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇ – If you are married and have compensation for the taxable year for which the contribution is made, you may contribute to a ▇▇▇▇ ▇▇▇ established for the benefit of your spouse, regardless of whether or not your spouse has compensation. You must file a joint income tax return for the year for which the contribution is made. The amount you may contribute to your ▇▇▇▇ ▇▇▇ and your spouse’s ▇▇▇▇ ▇▇▇ is the lesser of 100 percent of your combined eligible compensation or $13,000 for 2023. This amount may be increased with cost-of-living adjustments each year. However, you may not contribute more than the individual contribution limit to each ▇▇▇▇ ▇▇▇. Your contribution may be further limited if your MAGI falls within the minimum and maximum thresholds. If your spouse is age 50 or older by the close of the taxable year, and is otherwise eligible, you may make an additional contribution to your spouse’s ▇▇▇▇ ▇▇▇. The maximum additional contribution is $1,000 per year.

Limitations and Restrictions. ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇ – If you are married and have compensation for the taxable year for which the contribution is made, you may contribute to a ▇▇▇▇ ▇▇▇ established for the benefit of your spouse, regardless of whether or not your spouse has compensation. You must file a joint income tax return for the year for which the contribution is made. The amount you may contribute to your ▇▇▇▇ ▇▇▇ and your spouse’s ▇▇▇▇ ▇▇▇ is the lesser of 100 percent of your combined eligible compensation or $13,000 14,000 for 20232025. This amount may be increased with cost-of-living adjustments each year. However, you may not contribute more than the individual contribution limit to each ▇▇▇▇ ▇▇▇. Your contribution may be further limited if your MAGI falls within the minimum and maximum thresholds. If your spouse is age 50 or older by the close of the taxable year, and is otherwise eligible, you may make an additional contribution to your spouse’s ▇▇▇▇ ▇▇▇. The maximum additional contribution is $1,000 per year. This amount is subject to possible cost-of-living adjustments each year beginning in 2025.

Limitations and Restrictions. ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇ – — If you are married and have compensation for the taxable year for which the contribution is madecompensation, you may contribute to a ▇▇▇▇ ▇▇▇ established for the benefit of your spouse, regardless of whether or not your spouse has compensation. You must file a joint income tax return for the year for which the contribution is made. The amount you may contribute to your ▇▇▇▇ ▇▇▇ and your spouse’s ▇▇▇▇ ▇▇▇ is the lesser of 100 percent of your combined eligible compensation or $13,000 12,000 for 20232019 and 2020. This amount may be increased with cost-of-of- living adjustments each year. However, you may not contribute more than the individual contribution limit to each ▇▇▇▇ ▇▇▇. Your contribution may be further limited if your MAGI falls within the minimum and maximum thresholds. If your spouse is age 50 or older by the close of the taxable year, and is otherwise eligible, you may make an additional contribution to your spouse’s ▇▇▇▇ ▇▇▇. The maximum additional contribution is $1,000 per year.

Limitations and Restrictions. ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇ – If you are married and have compensation for the taxable year for which the contribution is madecompensation, you may contribute to a ▇▇▇▇ ▇▇▇ established for the benefit of your spouse, regardless of whether or not your spouse has compensation. You must file a joint income tax return for the year for which the contribution is made. The amount you may contribute to your ▇▇▇▇ ▇▇▇ and your spouse’s ▇▇▇▇ ▇▇▇ is the lesser of 100 percent of your combined eligible compensation or $13,000 12,000 for 20232019 and 2020. This amount may be increased with cost-of-living adjustments each year. However, you may not contribute more than the individual contribution limit to each ▇▇▇▇ ▇▇▇. Your contribution may be further limited if your MAGI falls within the minimum and maximum thresholdsmaxi- mum threshold. If your spouse is age 50 or older by the close of the taxable year, and is otherwise eligible, you may make an additional contribution con- tribution to your spouse’s ▇▇▇▇ ▇▇▇. The maximum additional contribution is $1,000 per year.

Limitations and Restrictions. ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇ – - If you are married and have compensation for the taxable year for which the contribution is madecompensation, you may contribute to a ▇▇▇▇ ▇▇▇ established for the benefit of your spouse, regardless of whether or not your spouse has compensation. You must file a joint income tax return for the year for which the contribution is made. The amount you may contribute to your ▇▇▇▇ ▇▇▇ and your spouse’s 's ▇▇▇▇ ▇▇▇ is the lesser of 100 percent of your combined eligible compensation or compensatio nor $13,000 11,000 for 20232017 and 2018. This amount may be increased with cost-of-living adjustments each year. However, you may not contribute more than the individual contribution limit to each ▇▇▇▇ ▇▇▇. Your contribution may be further limited if your MAGI falls within the minimum and maximum thresholds. If your spouse is age 50 or older by the close of the taxable year, and is otherwise eligible, you may make an additional contribution to your spouse’s 's ▇▇▇▇ ▇▇▇. The maximum additional contribution is $1,000 per year.

Limitations and Restrictions. ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇ – If you are married and have compensation for the taxable year for which the contribution is madecompensation, you may contribute to a ▇▇▇▇ ▇▇▇ established for the benefit of your spouse, regardless of whether or not your spouse has compensation. You must file a joint income tax return for the year for which the contribution is made. The amount you may contribute to your ▇▇▇▇ ▇▇▇ and your spouse’s ▇▇▇▇ ▇▇▇ is the lesser of 100 percent of your combined eligible compensation or $13,000 11,000 for 20232015 and 2016. This amount may be increased with cost-of-living adjustments each year. HoweverHow- ever, you may not contribute more than the individual contribution limit to each ▇▇▇▇ ▇▇▇. Your contribution may be further limited if your MAGI falls within the minimum and maximum thresholds. If your spouse is age 50 or older by the close of the taxable year, and is otherwise eligible, you may make an additional contribution con- tribution to your spouse’s ▇▇▇▇ ▇▇▇. The maximum additional contribution is $1,000 per year.