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 $6,000 for 2019 and 2020, 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 (IRC Secs.) 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 Xxxx IRAs and 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 $193,000 (for 2019) or $196,000 (for 2020) if you are a married individual filing a joint income tax return, or equals or exceeds $122,000 (for 2019) or $124,000 (for 2020) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $203,000 (for 2019) or $206,000 (for 2020) may not fund a Xxxx XXX. Single individuals with MAGI equaling or exceeding $137,000 (for 2019) or $139,000 (for 2020) 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 2020. (1) Begin with the appropriate MAGI phase‐out maximum for the applicable year and subtract your MAGI; (2) divide this total by the difference between the phase‐out range maximum and minimum; and (3) multiply this number by the maximum allowable contribution for the applicable year, including catch‐up contributions if you are age 50 or older. For example, if you are age 30 with MAGI of $201,000, your maximum Xxxx XXX contribution for 2020 is $3,000 ([$206,000 minus $201,000] divided by $10,000 and multiplied by $6,000). (1) Begin with the appropriate MAGI phase‐out maximum for the applicable year and subtract your MAGI; (2) divide this total by the difference between the phase‐out range maximum and minimum; and

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 $6,000 for 2019 and 2020, with possible cost‐of‐living 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 (IRC Secs.) 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 Xxxx IRAs and 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 $193,000 (for 2019) or $196,000 (for 2020) if you are a married individual filing a joint income tax return, or equals or exceeds $122,000 (for 2019) or $124,000 (for 2020) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $203,000 (for 2019) or $206,000 (for 2020) may not fund a Xxxx XXX. Single individuals with MAGI equaling or exceeding $137,000 (for 2019) or $139,000 (for 2020) 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 2020. (1) Begin with the appropriate MAGI phase‐out phase-out maximum for the applicable year and subtract your MAGI; (2) divide this total by the difference between the phase‐out range maximum and minimum; and (3) multiply this number by the maximum allowable contribution for the applicable year, including catch‐up contributions if you are age 50 or older. For example, if you are age 30 with MAGI of $201,000, your maximum Xxxx XXX contribution for 2020 is $3,000 ([$206,000 minus $201,000] divided by $10,000 and multiplied by $6,000). (1) Begin with the appropriate MAGI phase‐out maximum for the applicable year and subtract your MAGI; (2) divide this total by the difference between the phase‐out phase-out range maximum and minimum; and

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 $6,000 for 2019 and 2020, 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 (IRC Secs.) 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 Xxxx IRAs and 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 $193,000 (for 2019) or $196,000 (for 2020) if you are a married individual filing a joint income tax return, or equals or exceeds $122,000 (for 2019) or $124,000 (for 2020) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $203,000 (for 2019) or $206,000 (for 2020) may not fund a Xxxx XXX. Single individuals with MAGI equaling or exceeding $137,000 (for 2019) or $139,000 (for 2020) 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 2020. (1) Begin with the appropriate MAGI phase‐out phase-out maximum for the applicable year and subtract your MAGI; (2) divide this total by the difference between the phase‐out range maximum and minimum; and (3) multiply this number by the maximum allowable contribution for the applicable year, including catch‐up contributions if you are age 50 or older. For example, if you are age 30 with MAGI of $201,000, your maximum Xxxx XXX contribution for 2020 is $3,000 ([$206,000 minus $201,000] divided by $10,000 and multiplied by $6,000). (1) Begin with the appropriate MAGI phase‐out maximum for the applicable year and subtract your MAGI; (2) divide this total by the difference between the phase‐out phase-out range maximum and minimum; and

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 $6,000 for 2019 and 2020, with possible cost‐of‐living 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 (IRC Secs.) 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 Xxxx IRAs and 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 $193,000 (for 2019) or $196,000 (for 2020) if you are a married individual filing a joint income tax return, or equals or exceeds $122,000 (for 2019) or $124,000 (for 2020) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $203,000 (for 2019) or $206,000 (for 2020) may not fund a Xxxx XXX. Single individuals with MAGI equaling or exceeding $137,000 (for 2019) or $139,000 (for 2020) 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 2020. (1) Begin with the appropriate MAGI phase‐out phase-out maximum for the applicable year and subtract your MAGI; (2) divide this total by the difference between the phase‐out phase-out range maximum and minimum; and (3) multiply this number by the maximum allowable contribution for the applicable year, including catch‐up catch-up contributions if you are age 50 or older. For example, if you are age 30 with MAGI of $201,000, your maximum Xxxx XXX contribution for 2020 is $3,000 ([$206,000 minus $201,000] divided by $10,000 and multiplied by $6,000). If you are single and your MAGI is between the applicable MAGI phase-out for the year, your maximum Xxxx XXX contribution is determined as follows. (1) Begin with the appropriate MAGI phase‐out phase-out maximum for the applicable year applicableyear and subtract your MAGI; (2) divide this total by the difference between the phase‐out phase-out range maximum and minimum; andand (3) multiply this number by the maximum allowable contribution for the applicable year, including catch-up contributions if you are age 50 or older. For example, if you are age 30 with MAGI of $127,000, your maximum Xxxx XXX contribution for 2020 is $4,800 ([$139,000 minus $127,000] divided by $15,000 and multiplied by $6,000).

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 $6,000 for 2019 and 2020, with possible cost‐of‐living 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 (IRC Secs.) 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 Xxxx IRAs and 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 $193,000 (for 2019) or $196,000 (for 2020) if you are a married individual filing a joint income tax return, or equals or exceeds $122,000 (for 2019) or $124,000 (for 2020) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $203,000 (for 2019) or $206,000 (for 2020) may not fund a Xxxx XXX. Single individuals with MAGI equaling or exceeding $137,000 (for 2019) or $139,000 (for 2020) 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 2020. (1) Begin with the appropriate MAGI phase‐out phase-out maximum for the applicable year and subtract your MAGI; (2) divide this total by the difference between the phase‐out phase-out range maximum and minimum; and (3) multiply this number by the maximum allowable contribution for the applicable year, including catch‐up catch-up contributions if you are age 50 or older. For example, if you are age 30 with MAGI of $201,000, your maximum Xxxx XXX contribution for 2020 is $3,000 ([$206,000 minus $201,000] divided by $10,000 and multiplied by $6,000). (1) Begin with the appropriate MAGI phase‐out phase-out maximum for the applicable year and subtract your MAGI; (2) divide this total by the difference between the phase‐out phase-out range maximum and minimum; and

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 $6,000 for 2019 and 2020, 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 (IRC IRS Secs.) 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 Xxxx IRAs and 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 $193,000 (for 2019) or $196,000 (for 2020) if you are a married individual filing a joint income tax return, or equals or exceeds $122,000 (for 2019) or $124,000 (for 2020) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $203,000 (for 2019) or $206,000 (for 2020) may not fund a Xxxx XXX. Single individuals with MAGI equaling or exceeding $137,000 (for 2019) or $139,000 (for 2020) 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 2020. (1) Begin with the appropriate MAGI phase‐out phase-out maximum for the applicable year and subtract your MAGI; (2) divide this total by the difference between the phase‐out phase-out range maximum and minimum; and (3) multiply this number by the maximum allowable contribution for the applicable year, including catch‐up catch-up contributions if you are age 50 or older. For example, if you are age 30 with MAGI of $201,000, your maximum Xxxx XXX contribution for 2020 is $3,000 ([$206,000 minus $201,000] divided by $10,000 and multiplied by $6,000). (1) Begin with the appropriate MAGI phase‐out phase- out maximum for the applicable year and subtract your MAGI; (2) divide this total by the difference between the phase‐out phase-out range maximum and minimum; andand (3) multiply this number by the maximum allowable contribution for the applicable year, including catch-up contributions if you are age 50 or older. For example, if you are age 30 with MAGI of $127,000, your maximum Xxxx XXX contribution for 2020 is $4,800 ([$139,000 minus $127,000] divided by $15,000 and multiplied by $6,000).

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 $6,000 for 2019 and 2020, 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 (IRC Secs.) 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 Xxxx IRAs and 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 $193,000 (for 2019) or $196,000 (for 2020) if you are a married individual filing a joint income tax return, or equals or exceeds $122,000 (for 2019) or $124,000 (for 2020) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $203,000 (for 2019) or $206,000 (for 2020) may not fund a Xxxx XXX. Single individuals with MAGI equaling or exceeding $137,000 (for 2019) or $139,000 (for 2020) 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 2020. (1) Begin with the appropriate MAGI phase‐out phase-out maximum for the applicable year and subtract your MAGI; (2) divide this total by the difference between the phase‐out phase-out range maximum and minimum; and (3) multiply this number by the maximum allowable contribution for the applicable year, including catch‐up catch-up contributions if you are age 50 or older. For example, if you are age 30 with MAGI of $201,000, your maximum Xxxx XXX contribution for 2020 is $3,000 ([$206,000 minus $201,000] divided by $10,000 and multiplied by $6,000). (1) Begin with the appropriate MAGI phase‐out phase-out maximum for the applicable year and subtract your MAGI; (2) divide this total by the difference between the phase‐out phase-out range maximum and minimum; andand (3) multiply this number by the maximum allowable contribution for the applicable year, including catch-up contributions if you are age 50 or older. For example, if you are age 30 with MAGI of $127,000, your maximum Xxxx XXX contribution for 2020 is $4,800 ([$139,000 minus $127,000] divided by $15,000 and multiplied by $6,000).

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 $6,000 for 2019 and 2020, 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 (IRC Secs.) 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 Xxxx IRAs and 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 $193,000 (for 2019) or $196,000 (for 2020) if you are a married individual filing a joint income tax return, or equals or exceeds $122,000 (for 2019) or $124,000 (for 2020) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $203,000 (for 2019) or $206,000 (for 2020) may not fund a Xxxx XXX. Single individuals with MAGI equaling or exceeding $137,000 (for 2019) or $139,000 (for 2020) 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 2020. (1) Begin with the appropriate MAGI phase‐out maximum for the applicable year and subtract your MAGI; (2) divide this total by the difference between the phase‐out range maximum and minimum; and (3) multiply this number by the maximum allowable contribution for the applicable year, including catch‐up contributions if you are age 50 or older. For example, if you are age 30 with MAGI of $201,000, your maximum Xxxx XXX contribution for 2020 is $3,000 ([$206,000 minus $201,000] divided by $10,000 and multiplied by $6,000). (1) Begin with the appropriate MAGI phase‐out maximum for the applicable year and subtract your MAGI; (2) divide this total by the difference between the phase‐out range maximum and minimum; and

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 $6,000 for 2019 and 2020, with possible cost‐of‐living 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 (IRC Secs.) 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 Xxxx IRAs and 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 $193,000 (for 2019) or $196,000 (for 2020) if you are a married individual filing a joint income tax return, or equals or exceeds $122,000 (for 2019) or $124,000 (for 2020) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $203,000 (for 2019) or $206,000 (for 2020) may not fund a Xxxx XXX. Single individuals with MAGI equaling or exceeding $137,000 (for 2019) or $139,000 (for 2020) 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 2020. (1) Begin with the appropriate MAGI phase‐out phase-out maximum for the applicable year and subtract your MAGI; (2) divide this total by the difference between the phase‐out phase-out range maximum and minimum; and (3) multiply this number by the maximum allowable contribution for the applicable year, including catch‐up catch-up contributions if you are age 50 or older. For example, if you are age 30 with MAGI of $201,000, your maximum Xxxx XXX contribution for 2020 is $3,000 ([$206,000 minus $201,000] divided by $10,000 and multiplied by $6,000). (1) Begin with the appropriate MAGI phase‐out phase-out maximum for the applicable year and subtract your MAGI; (2) divide this total by the difference between the phase‐out phase-out range maximum and minimum; and (3) multiply this number by the maximum allowable contribution for the applicable year, including catch-up contributions if you are age 50 or older. For example, if you are age 30 with MAGI of $127,000, your maximum Xxxx XXX contribution for 2020 is $4,800 ([$139,000 minus $127,000] divided by $15,000 and multiplied by $6,000).

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 $6,000 for 2019 and 2020, with possible cost‐of‐living 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 (IRC Secs.) 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 Xxxx IRAs and 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 $193,000 (for 2019) or $196,000 (for 2020) if you are a married individual filing a joint income tax return, or equals or exceeds $122,000 (for 2019) or $124,000 (for 2020) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $203,000 (for 2019) or $206,000 (for 2020) may not fund a Xxxx XXX. Single individuals with MAGI equaling or exceeding $137,000 (for 2019) or $139,000 (for 2020) 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 2020. (1) Begin with the appropriate MAGI phase‐out maximum for the applicable year and subtract your MAGI; (2) divide this total by the difference between the phase‐out range maximum and minimum; and (3) multiply this number by the maximum allowable contribution for the applicable year, including catch‐up contributions if you are age 50 or older. For example, if you are age 30 with MAGI of $201,000, your maximum Xxxx XXX contribution for 2020 is $3,000 ([$206,000 minus $201,000] divided by $10,000 and multiplied by $6,000). (1) Begin with the appropriate MAGI phase‐out maximum for the applicable year and subtract your MAGI; (2) divide this total by the difference between the phase‐out range maximum and minimum; and (3) multiply this number by the maximum allowable contribution for the applicable year, including catch‐up contributions if you are age 50 or older. For example, if you are age 30 with MAGI of $127,000, your maximum Xxxx XXX contribution for 2020 is $4,800 ([$139,000 minus $127,000] divided by $15,000 and multiplied by $6,000).

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 $6,000 for 2019 and 2020, with possible cost‐of‐living 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 (IRC Secs.) 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 Xxxx IRAs and 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 $193,000 (for 2019) or $196,000 (for 2020) if you are a married individual filing a joint income tax return, or equals or exceeds $122,000 (for 2019) or $124,000 (for 2020) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $203,000 (for 2019) or $206,000 (for 2020) may not fund a Xxxx XXX. Single individuals with MAGI equaling or exceeding $137,000 (for 2019) or $139,000 (for 2020) 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 2020. (1) Begin with the appropriate MAGI phase‐out phase-out maximum for the applicable year and subtract your MAGI; (2) divide this total by the difference between the phase‐out phase-out range maximum and minimum; and (3) multiply this number by the maximum allowable contribution for the applicable year, including catch‐up catch-up contributions if you are age 50 or older. For example, if you are age 30 with MAGI of $201,000, your maximum Xxxx XXX contribution for 2020 is $3,000 ([$206,000 minus $201,000] divided by $10,000 and multiplied by $6,000). (1) Begin with the appropriate MAGI phase‐out phase-out maximum for the applicable year and subtract your MAGI; (2) divide this total by the difference between the phase‐out phase-out range maximum and minimum; andand (3) multiply this number by the maximum allowable contribution for the applicable year, including catch-up contributions if you are age 50 or older. For example, if you are age 30 with MAGI of $127,000, your maximum Xxxx XXX contribution for 2020 is $4,800 ([$139,000 minus $127,000] divided by $15,000 and multiplied by $6,000).