Common use of Spousal XXX Clause in Contracts

Spousal XXX. If you are married and have compensation, you may contribute to an XXX established for the benefit of your spouse for any year prior to the year your spouse turns age 70½, regardless of whether or not your spouse has compensation. You may make these spousal contributions even if you are age 70½ or older. You must file a joint income tax return for the year for which the contribution is made. The amount you may contribute to your XXX and your spouse’s XXX is the lesser of 100 percent of your combined eligible compensation or $11,000 for 2017 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 XXX. 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 XXX. The maximum additional contribution is $1,000 per year.

Appears in 5 contracts

Samples: Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement, Individual Ira or Sep Account Application & Agreement

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Spousal XXX. If you are married and have compensation, you may contribute to an XXX established for the benefit of your spouse for any year prior to the year your spouse turns age 70½, regardless of whether or not your spouse has compensation. You may make these spousal contributions even if you are age 70½ or older. You must file a joint income tax return for the year for which the contribution is made. The amount you may contribute to your XXX and your spouse’s XXX is the lesser of 100 percent of your combined eligible compensation or $11,000 for 2017 2014 and 20182015. This amount may be increased with cost-of-living cost‐ of‐living adjustments each year. However, you may not contribute more than the individual contribution limit to each XXX. 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 XXX. The maximum additional contribution is $1,000 per year.

Appears in 3 contracts

Samples: Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement

Spousal XXX. If you are married and have compensation, you may contribute to an XXX established for the benefit of your spouse for any year prior to the year your spouse turns age 70½, regardless of whether or not your spouse has compensation. You may make these spousal contributions even if you are age 70½ or older. You must file a joint income tax return for the year for which the contribution is made. The amount you may contribute to your XXX and your spouse’s XXX is the lesser of 100 percent of your combined eligible compensation or $11,000 for 2017 2015 and 20182016. This amount may be increased with cost-cost- of-living adjustments each year. However, you may not contribute more than the individual contribution limit to each XXX. 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 XXX. The maximum additional contribution is $1,000 per year.

Appears in 3 contracts

Samples: Individual Retirement Custodial Account Agreement, Traditional Ira Adoption Agreement, Traditional Ira Adoption Agreement

Spousal XXX. If you are married and have compensation, you may contribute to an XXX established for the benefit of your spouse for any year prior to the year your spouse turns age 70½, regardless of whether or not your spouse has compensation. You may make these spousal contributions even if you are age 70½ or older. You must file a joint income tax return for the year for which the contribution is made. The amount you may contribute to your XXX and your spouse’s XXX is the lesser of 100 percent of your combined eligible compensation or $11,000 for 2017 2014 and 20182015. This amount may be increased with cost-cost- of-living adjustments each year. However, you may not contribute more than the individual contribution limit to each XXX. 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 XXX. The maximum additional contribution is $1,000 per year.

Appears in 1 contract

Samples: Individual Retirement Custodial Account Agreement

Spousal XXX. If you are married and have compensation, you may contribute to an XXX established for the benefit of your spouse for any year prior to the year your spouse turns age 70½, regardless of whether or not your spouse has compensation. You may make these spousal contributions even if you are age 70½ or older. You must file a joint income tax return for the year for which the contribution is made. The amount you may contribute to your XXX and your spouse’s XXX is the lesser of 100 percent of your combined eligible compensation or $11,000 10,000 for 2017 and 20182012. 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 XXX. 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 XXX. The maximum additional contribution is $1,000 per year.

Appears in 1 contract

Samples: Ira Plan Agreement

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Spousal XXX. If you are married and have compensation, you may contribute to an XXX established for the benefit of your spouse for any year prior to the year your spouse turns age 70½701⁄2, regardless of whether or not your spouse has compensation. You may make these spousal contributions even if you are age 70½ 701⁄2 or older. You must file a joint income tax return for the year for which the contribution is made. The amount you may contribute to your XXX and your spouse’s XXX is the lesser of 100 percent of your combined eligible compensation or $11,000 for 2017 2014 and 20182015. This amount may be increased with cost-of-living cost‐ of‐living adjustments each year. However, you may not contribute more than the individual contribution limit to each XXX. 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 XXX. The maximum additional contribution is $1,000 per year.

Appears in 1 contract

Samples: Individual Retirement Custodial Account Agreement

Spousal XXX. If you are married and have compensation, you may contribute to an XXX established for the benefit of your spouse for any year prior to the year your spouse turns age 70½, regardless of whether or not your spouse has compensation. You may make these spousal contributions even if you are age 70½ or older. You must file a joint income tax return for the year for which the contribution is made. The amount you may contribute to your XXX and your spouse’s XXX is the lesser of 100 percent of your combined eligible compensation or $11,000 for 2017 and 2018. This amount may be increased with cost-cost- of-living adjustments each year. However, you may not contribute more than the individual contribution limit to each XXX. 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 XXX. The maximum additional contribution is $1,000 per year.

Appears in 1 contract

Samples: Traditional Ira Adoption Agreement

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