Sentences with phrase «contribution cap for»

This could count against the deceased member's concessional contribution cap for excess contribution tax purposes.

If you've had time out of the workforce, work part - time or have irregular work patterns and have contributed less than your before tax (concessional) cap, you can rollover the unused portion of your concessional contribution cap for up to 5 years, allowing you to make additional contributions in future years.

What is the HSA contribution cap for single enrollment in a HDHP partway into the year?

An assessment we make if you have exceeded either (or in some cases, both) your concessional contributions cap or your non-concessional contributions cap for a financial year.

For those 50 years old or over, transitional arrangements are in place to give a higher concessional contributions cap for the financial years up to and including 2011 - 12.

the contribution you made to your super fund must not exceed your non-concessional contributions cap for that year.

between one and two times the general non-concessional contributions cap for the first year — the amount is twice the general non-concessional contributions cap over a two year period

greater than two times the general non-concessional contributions cap for the first year — the amount is three times the general non-concessional contributions cap over a three year period.

Not exact matches

There is an income cap on the Roth IRA: Only married people earning less than $ 189,000, or single people earning less than $ 120,000, are allowed to make the maximum yearly contribution of $ 5,500 (or $ 6,500 for people aged 50 or older).

There's a lot of hoopla surrounding President Trump's new tax plan, which is reportedly considering capping pre-tax 401 (k) contributions at $ 2,400 a year, a far cry from the current maximum contribution of $ 18,000 for 2017, and $ 18,500 for 2018.

Annual contributions are capped at $ 5,500, or $ 6,500 for individuals over 50.

The income cap for contribution is too low.

Campaign contribution limits in effect during the 2016 election capped direct donations to candidates at $ 2,700 for a primary or general election.

The question for financial advisors, and their retirement - minded clients is this: should annual 401 (k) contributions be capped at $ 2,400, or any low number?

For high - income earners and business owners who bring home six - figures each year, this cap limiting contributions can save a bundle.

The contribution cap is $ 18,000 for 2016.

The National Organiztion for Marriage has filed a lawsuit in federal court that seeks to circumvent the state's campaign contributions limits, arguing that the caps violate its right to free speech.

McDonald argued that the city's cap on individual contributions at $ 4950 was in contrast to the state law which allows $ 19,700 for mayoral primaries and up to $ 41,000 for general elections.

The Cusick bill provides for contribution limits to both PACs and IEs as well as penalties for violating the caps.

Teachers are already paying higher pension contributions: new joiners must already wait till 65 for their pensions, and a cost - capping agreement means that employer contributions are already limited to 14 per cent, similar to the average private sector employer contributions.

Trump on Wednesday said there is still a possibility that an annual cap could be placed on contributions into 401 (k) plans — or threatening such a measure could be used as a «negotiating» tool for the GOP.

In recent years, Comptroller Tom DiNapoli has sought to reduce overall pension contribution rates for local governments and taxing districts, which are squeezed amid a cap on property tax increases.

Right now, the state caps election - cycle contribution limits at $ 150,000 for an individual donor in a calendar year and $ 5,000 for corporations.

· Allowing counties an option to modify how they fund state mandated pension contributions · Providing counties more audit authority in the special education preschool program · Improving government efficiency and streamlining state and local legislative operations by removing the need for counties to pursue home rule legislative requests every two years with the state legislature in order to extend current local sales tax authority · Reducing administrative and reporting requirements for counties under Article 6 public health programs · Reforming the Workers Compensation system · Renewing Binding Arbitration, which is scheduled to sunset in June 2013, with a new definition of «ability to pay» for municipalities under fiscal distress, making it subject to the property tax cap (does not apply to NYC) where «ability to pay» will be defined as no more than 2 percent growth in the contract.

Reduce the outrageously high donation limits that allow contributions of $ 65,000 to a candidate for statewide office — and enable people who control shell corporations to give without caps.

Cuomo had promised to provide details in Tuesday's budget address about his proposal for a new payroll tax and a novel use of charitable contributions to help offset a new federal cap on the deductibility of state and local taxes.

The limit on property tax hikes is 2 percent or the rate of inflation, whichever is lower, and includes some exceptions for municipalities with high litigation or pension contribution costs, or for staying under the cap before.

David Weprin: Well, clearly when you're dealing with an opponent that is not part of the system, who has unlimited funds, as the recent election we just went through with the mayor of the city of New York, I would remove the individual cap on contributions for donors and go to a much higher cap similar to the one that's at the state level for the governor of the state of New York.

Since contributions would be both deductible and trigger the credit, the effective credit would be between 91 percent and 94 percent.31 This proposal provides relief from the SALT cap because the contribution can be deducted from income for federal tax purposes, just as the State and local tax was prior to TCJA.

Constrain contributions — Put the same $ 5,000 limit on contributions from limited liability corporations that exists for regular corporations, require LLCs to identify owners, and cap donations to housekeeping and party accounts.

«Every year, hundreds of donors give more money than is allowed by state law that has highest limits of any state capping donation size; scores of candidates fail to disclose large contributions received in the run - up to Election Day; thousands of filings obfuscate the identity of donors or the purpose of expenditures through the inclusion of incomplete or incorrect information; and dozens of incumbent lawmakers spend campaign funds for what reasonable people would unanimously agree are non-campaign reasons,» the report found.

Paying off the interest and principal from the borrowing would come from a 10 - cent increase in the state's gas tax, half of a percent increase in the income tax rate for those who earn between $ 500,000 and $ 2 million and a $ 60 million contribution from New York City in the first year, with an extra $ 60 million added every year to the fifth year, capped at $ 300 million.

Corporate contributions would be prohibited, housekeeping accounts would be eliminated, cap contributions to state and county party committees at $ 10,000 and eliminate «housekeeping» accounts that generally lack the same regulations for regularly desginated committees.

Teachers are already paying more, the normal pension age has been raised to 65 for new entrants and employer contributions have been capped.

Kellogg said that for her and her running mates, the big challenges facing Hurley are, «Making a change in our local government, protecting the quality of life that we have in Hurley as development pressures move up the Thruway, protecting our water and the beautiful scenic qualities of our town, and maintaining our low tax rates as NYS mandates additional responsibilities to the localities without providing funding (at the same time that they cap our annual budget increases) and as we get additional pressures from New York City to reduce their tax contributions for the reservoir property.»

Last month, Gov. Andrew Cuomo announced eight proposals — one for each of the state's political offices — to close the so - called LLC loophole, including capping LLC contributions to state officials at $ 5,000.

Lawyers for Shaun McCutcheon, an Alabama electrical engineer and conservative political activist, argued that the per - donor caps — which currently stand at $ 48,600 to candidate committees and $ 74,600 in contributions to PACs and party committees in each two - year cycle — burden his First Amendment rights while doing little to protect public officials from corruption.

Offering some alternatives Cuomo might pursue, Steinberg called for mandate relief, a cap on district pension contributions and rolling back state special education requirements that go beyond federal requirements.

The proposals include would lower overall campaign donation limits, cap soft - money contributions at $ 25,000, create a public financing system for state campaigns and create new criminal penalties for public officials who steer government contracts to themselves, relatives or business partners.

DiNapoli in an interview in August indicated he would keep the contribution rates the same for local governments, which have struggled in recent years to raise revenue amid a cap on property taxes, the flat growth of aid to municipalities and mandated state spending requirements.

He said the government should abandon the 1 % cap and instead raise the money by imposing a cap on tax relief for pension contributions at # 26,000.

Authorities are also examining whether fundraising efforts for Democratic state senate candidates violated campaign contribution limit laws by being routed to other committees, which were allowed to rake in huge donations compared to caps on single donors directly to a candidate's campaign.

In 2023, candidates for county executive could receive up to $ 1 million in matching funds, with individual contributions capped at $ 25,000.

The $ 50 or less cap for each contribution to his legal defense fund means de Blasio will struggle to pay off those $ 500 - an - hour lawyers hired to defend him against two criminal probes that had been looking into his sketchy fund - raising efforts.

The governor announced that he would seek an array of good government reforms from the State Legislature, a number of them familiar: preventing donors from circumventing contribution caps through the creation of shell limited liability corporations; enhancing personal financial disclosures; creating a public financing system; and instating constitutional amendments to establish term limits for Albany lawmakers (though not Cuomo and the current class of legislators), extend the legislative session from six months to year - round and ban outside income.

Contract negotiations also led to more work - rule efficiencies, additional sick leave, more health plan options, higher health insurance opt - out payments and increased health insurance premium sharing, with contributions capped at $ 6,000 for active employees and $ 8,000 for retirees.

Jiao advocates for a cap on the percentage of company stock that can be held in a defined contribution plan.

Businesses get a dollar - for - dollar tax credit for SFO contributions, with total credits capped at $ 559.1 million.

Donors receive a credit on their taxes for their contribution, with credit amounts usually capped at certain limits.

That means that if your taxable income is $ 3,000, your cap on Roth IRA contributions is also $ 3,000 for that year.