If you made non-concessional contributions to your super in excess of the $ 1 million transitional non-concessional
contributions cap between 10 May and 6 December 2006 inclusive, you could request a transitional release authority from us to withdraw the amount of the excess non-concessional contributions made in this period so you did not have to pay excess contributions tax on that amount.
Not exact matches
I started contributing a small portion of my paycheck to the TSP in March, splitting my
contributions between a S&P 500 and a small -
cap stock index fund.
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.
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.
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