Maximum Annual Contribution Limit definition

Maximum Annual Contribution Limit means the statutory maximum allowed under Section 223 of the Code.
View Source
Maximum Annual Contribution Limit means the calendar year limit on the contributions to all Qualified ABLE Programs for the Beneficiary.
View Source

Examples of Maximum Annual Contribution Limit in a sentence

  • The Employee further agrees that he/she is responsible for determining that his/her salary reduction amount does not exceed the limits of Applicable law; that he/she is responsible for the accuracy of the information provided by Employee, which is used in determining Employee’s Maximum Annual Contribution Limit; and employer has no liability for any losses suffered by Employee that results from his/her participation in the 403b/457 program.

  • The Maximum Annual Contribution Limit is listed on the HSA Website, on ▇▇▇.▇▇▇.▇▇▇, and is further explained within IRS Publication 969.

  • The Custodian will not verify or determine whether any contributions exceed the Account Owner’s Maximum Annual Contribution Limit.

  • If contributions to the Account exceed the Maximum Annual Contribution Limit, the Account Owner shall notify the Custodian that there exist excess contributions to the Account.

  • The Account Owner is solely responsible for determining whether contributions to the Account have exceeded the Maximum Annual Contribution Limit.

  • Contributions in excess of the Maximum Annual Contribution Limit are subject to an excise tax.

  • If you make contributions to another employer’s plan OR own or have control in another employer and make contributions to the retirement plan maintained by that employer, the test for annual contributions requires aggregation of contributions to that employer plan with your §403(b) plan for the §415 Maximum Annual Contribution Limit.

  • The Account Owner’s contributions to ▇▇▇▇▇▇ MSAs and other HSAs count toward the Maximum Annual Contribution Limit.