Regular Contribution Limit. The maximum regular contribution that can be made to all the Xxxx XXX Owner’s Xxxx IRAs for a taxable year is the smaller amount determined under Section 4.01(C)(1) or (2) of this Agreement.
Regular Contribution Limit. If (i) and/or (ii) below apply, the --------------------------- maximum regular contribution that can be made to all the Owner's Xxxx IRAs for a taxable year is the smaller amount determined under (i) or (ii).
Regular Contribution Limit. The limit on regular contributions described in (a) above is gradually reduced to $0 between certain levels of modified adjusted gross income ("modified AGI," as defined below). For an Owner who is single or is a head of household, the maximum annual regular contribution is phased out between modified AGI of $95,000 and $110,000; for an Owner who is married filing a joint return or is a qualifying widow(er), between modified AGI of $150,000 and $160,000; and for an Owner who is married filing a separate return, between modified AGI of $0 and $10,000. If the Owner's modified AGI for a taxable year is in the phase-out range, the maximum regular contribution determined under the previous paragraph for that taxable year is rounded up to the next multiple of $10 and is not reduced below $200. After 2006, the dollar amounts above will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 408A(c)(3). Such adjustments will be in multiples of $1,000. If the Owner makes regular contributions to both Roth IRAs and nonRoth IRAs for a taxable year, the maximum regular contribution that can be made to all the Owner's Roth IRAs for that taxable xxxx is reduced by the regular contributions made to the Owner's nonRoth IRAs for the taxable year.
Regular Contribution Limit. The maximum regular contribution that can be made to all of the Owner's Roth IRAs for a taxable yeax xx the smaller of the amount determined under subparagraph 3(b)(i) or (ii) below.
Regular Contribution Limit. If Paragraph (1) and/or (2) below apply, the maximum Regular Contribution that can be made to all the Participant's Xxxx IRAs for a taxable year is the smaller amount determined under Paragraph (1) or (2).
Regular Contribution Limit. If (i) and/or (ii) below apply, the maximum regular contribution that can be made to all the Owner's Xxxx IRAs for a taxable year is the smaller of the amounts determined under (i) or (ii) below. (i) The maximum regular contribution is phased out ratably between certain levels of modified adjusted gross income ("modified AGI," defined in (f) below) in accordance with the following table: Full Phase-out No Filing Status Contribution Range Contribution ---------------------------------------------------------------------------------------------------- Modified AGI ---------------------------------------------------------- Single or Head $95,000 or less Between $95,000 $110,000 Of Household and $110,000 or more Joint Return $150,000 or less Between $150,000 $160,000 Or Qualifying and $160,000 or more Widow(er) Married- $0 Between $0 $10,000 Separate Return and $10,000 or more If the Owner's modified AGI for a taxable year is in the phase-out range, the maximum regular contribution determined under this table for that taxable year is rounded up to the next multiple of $10 and is not reduced below $200. The preceding limits may change as indexed for inflation or amended by tax law.
