Spousal Xxxx XXX. If you are married and have compensation, you may contribute to a Xxxx XXX 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 Xxxx XXX and your spouse’s Xxxx 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 Xxxx XXX. 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 Xxxx XXX. The maximum additional contribution is $1,000 per year.
Appears in 6 contracts
Samples: Roth Individual Retirement Custodial Account Agreement, Roth Individual Retirement Custodial Account Agreement, Roth Individual Retirement Custodial Account Agreement
Spousal Xxxx XXX. If you are married and have compensation, you may contribute to a Xxxx XXX 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 Xxxx XXX and your spouse’s Xxxx 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 Xxxx XXX. 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 Xxxx XXX. The maximum additional contribution is $1,000 per year.
Appears in 4 contracts
Samples: Roth Individual Retirement Custodial Account Agreement, Roth Individual Retirement Custodial Account Agreement, Roth Individual Retirement Custodial Account Agreement
Spousal Xxxx XXX. If you are married and have compensation, you may contribute to a Xxxx XXX 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 Xxxx XXX and your spouse’s Xxxx 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-of-living adjustments each year. However, you may not contribute more than the individual contribution limit to each Xxxx XXX. 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 Xxxx XXX. The maximum additional contribution is $1,000 per year.
Appears in 4 contracts
Samples: Roth Individual Retirement Custodial Account Agreement, Roth Ira Adoption Agreement, Roth Ira Adoption Agreement
Spousal Xxxx XXX. If you are married and have compensation, you may contribute to a Xxxx XXX 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 Xxxx XXX and your spouse’s Xxxx XXX is the lesser of 100 percent of your combined eligible compensation or $11,000 12,000 for 2017 2019 and 20182020. 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 Xxxx XXX. 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 Xxxx XXX. The maximum additional contribution is $1,000 per year.
Appears in 4 contracts
Samples: Roth Ira Adoption Agreement, Roth Individual Retirement Custodial Account Agreement, Roth Ira Adoption Agreement
Spousal Xxxx XXX. If you are married and have compensation, you may contribute to a Xxxx XXX 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 Xxxx XXX and your spouse’s Xxxx XXX is the lesser of 100 percent of your combined eligible compensation or $11,000 12,000 for 2017 2019 and 20182020. 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 Xxxx XXX. 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 Xxxx XXX. The maximum additional contribution is $1,000 per year.
Appears in 1 contract
Samples: Roth Individual Retirement Custodial Account Agreement
Spousal Xxxx XXX. If you are married and have compensation, you may contribute to a Xxxx XXX 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. Your contribution may be further limited if your MAGI falls within the minimum and maximum thresholds. The amount you may contribute to your Xxxx XXX and your spouse’s Xxxx XXX is the lesser of 100 percent of your combined eligible compensation or $11,000 for 2017 2013-2018, and 2018$12,000 for tax year 2019. This amount may be increased with cost-of-living adjustments each yearin future years. However, you may not contribute more than the individual contribution limit to each Xxxx XXX. 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 Xxxx XXX. The maximum additional contribution is $1,000 per yearfor years 2006 and beyond.
Appears in 1 contract
Samples: Traditional Individual Retirement Custodial Account Agreement
Spousal Xxxx XXX. If you are married and have compensation, you may contribute to a Xxxx XXX 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 Xxxx XXX and your spouse’s Xxxx XXX is the lesser of 100 percent of your combined eligible compensation or $11,000 (for 2017 and 2018) or $12,000 (for 2019). 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 Xxxx XXX. 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 Xxxx XXX. The maximum additional contribution is $1,000 per year.
Appears in 1 contract
Samples: Roth Individual Retirement Account Custodial Agreement