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 2014 and 2015, with possible cost‐ of‐living adjustments each year thereafter. If you also maintain a Traditional XXX (i.e., an 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 $181,000 (for 2014) or $183,000 (for 2015) if you are a married individual filing a joint income tax return, or equals or exceeds $114,000 (for 2014) or $116,000 (for 2015) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $191,000 (for 2014) or $193,000 (for 2015) 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 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 2014 2017 and 20152018, with possible cost‐ of‐living cost-of-living adjustments each year thereafter. If you also maintain a Traditional XXX IRA (i.e., an XXX 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 $181,000 186,000 (for 20142017) or $183,000 189,000 (for 20152018) if you are a married individual filing a joint income tax return, or equals or exceeds $114,000 118,000 (for 20142017) or $116,000 120,000 (for 20152018) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $191,000 196,000 (for 20142017) or $193,000 199,000 (for 20152018) may not fund a Xxxx XXX. Single individuals with MAGI equaling or exceeding $129,000 133,000 (for 20142017) or $131,000 135,000 (for 20152018) 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 20152018.

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 2014 2017 and 20152018, with possible cost‐ of‐living cost- of-living adjustments each year thereafter. If you also maintain a Traditional XXX IRA (i.e., an XXX 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 $181,000 186,000 (for 20142017) or $183,000 189,000 (for 20152018) if you are a married individual filing a joint income tax return, or equals or exceeds $114,000 118,000 (for 20142017) or $116,000 120,000 (for 20152018) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $191,000 196,000 (for 20142017) or $193,000 199,000 (for 20152018) may not fund a Xxxx XXX. Single individuals with MAGI equaling or exceeding $129,000 133,000 (for 20142017) or $131,000 135,000 (for 20152018) 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 20152018.

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 2014 and 2015, with possible cost‐ of‐living cost‐of‐living adjustments each year thereafter. If you also maintain a Traditional XXX IRA (i.e., an XXX 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 $181,000 (for 2014) or $183,000 (for 2015) if you are a married individual filing a joint income tax return, or equals or exceeds $114,000 (for 2014) or $116,000 (for 2015) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $191,000 (for 2014) or $193,000 (for 2015) 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 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 2014 2015 and 20152016, with possible cost‐ of‐living cost-of-living adjustments each year thereafter. If you also maintain a Traditional XXX (i.e., an 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 $181,000 (for 2014) or $183,000 (for 2015) or $184,000 (for 2016) if you are a married individual filing a joint income tax return, or equals or exceeds $114,000 (for 2014) or $116,000 (for 2015) or $117,000 (for 2016) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $191,000 (for 2014) or $193,000 (for 2015) or $194,000 (for 2016) may not fund a Xxxx XXX. Single individuals with MAGI equaling or exceeding $129,000 (for 2014) or $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 cost-of-living increases for tax years beginning after 20152016.

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 2014 2017 and 20152018, with possible cost‐ of‐living cost-of-living adjustments each year thereafter. If you also maintain a Traditional XXX IRA (i.e., an XXX 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 $181,000 186,000 (for 20142017) or $183,000 189,000 (for 20152018) if you are a married individual filing a joint income tax return, or equals or exceeds $114,000 118,000 (for 20142017) or $116,000 120,000 (for 20152018) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $191,000 196,000 (for 20142017) or $193,000 199,000 (for 20152018) may not fund a Xxxx XXX. Single individuals with MAGI equaling or exceeding $129,000 133,000 (for 20142017) or $131,000 135,000 (for 20152018) 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 20152018.

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 2014 2015 and 20152016, with possible cost‐ of‐living cost-of-living adjustments each year thereafter. If you also maintain a Traditional XXX IRA (i.e., an XXX 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 $181,000 (for 2014) or $183,000 (for 2015) or $184,000 (for 2016) if you are a married individual filing a joint income tax return, or equals or exceeds $114,000 (for 2014) or $116,000 (for 2015) or $117,000 (for 2016) if you are a single individual. Married individuals filing a joint income tax return with MAGI equaling or exceeding $191,000 (for 2014) or $193,000 (for 2015) or $194,000 (for 2016) may not fund a Xxxx XXX. Single individuals with MAGI equaling or exceeding $129,000 (for 2014) or $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 cost-of-living increases for tax years beginning after 20152016.