Sentences with phrase «maximum contribution amount»

We used the maximum contribution amount because we were looking to see if the cost for the plan could exceed the threshold for an employee.

(The total maximum contribution amount is $ 500,000).

To deduct the max, simply take the number of pay periods you have annually and divide it into your maximum contribution amount.

Husband, on the other hand, has a savings account specifically titled «$ 5,500 for Retirement,» in which he hopes to save up the 2016 maximum contribution amount, and then once he has all of it, dump it all at once into his IRA.

Prior to accepting the transfer of points from Elan Financial Services, Fidelity will verify whether you have reached your maximum contribution amount with Fidelity for that year.

Every single dollar that I contribute into my HSA every year is deductible on the front of my personal 1040 tax return (up to certain annual limits imposed by the IRS — for 2010 the maximum deductible HSA contribution is $ 3,050 for singles and $ 6,150 for families with those age 55 or over getting an extra $ 1,000 allotted maximum contribution amount).

The maximum contribution amount for 2014 is $ 5,500.

Whether contributing to a Traditional or Roth IRA, the maximum contribution amount will be $ 5,500 per year ($ 6,500 if you're age 50 or older).

The maximum contribution amount at that time was 10 per cent of the previous year's income, subject to a $ 2,500 maximum.

If you are ineligible in any month, your annual maximum contribution amount is reduced by a ratio that matches your months of ineligibility / 12.

Both the traditional and Roth IRA saw an increase in the maximum contribution amount.

While there's no limit on how much you can put into an RESP each year (there is a lifetime maximum contribution amount of $ 50,000 per child mind you); you'll only receive the grant on the first $ 2,500 in contributions per year, or if you carry over unused contribution year from the year before, up to the first $ 5,000 in contributions.

With a 529 you pay no federal taxes on the investment earnings and many states also allow income tax deductions up to a maximum contribution amount.

The amount changes, but for 2018, the maximum contribution amount is 18 % of your income or $ 26,230, whichever is smaller.

Let's say you invested $ 25,500 which was your maximum contribution amount.

The amount changes, but for 2018, the maximum contribution amount is 18 % of your income or $ 26,230, whichever is smaller.

Maximum contribution amounts are the same for both «traditional» and «Roth» account options.

You should contribute as much as you can (up to the maximum contribution amounts) or at least enough to receive an employer match if applicable.

The maximum contribution amounts in both 2015 and 2016 are $ 5,500 ($ 6,500 if you are 50 or older).

Not exact matches

The federal government limits tax - deductible contributions to retirement plans; for most plans, such as 401 (k) programs, the maximum amount you can receive in contributions in 2016 is $ 53,000 if you're under the age of 50, and $ 59,000 if you're eligible to make «catch - up» contributions.

Each time he got a pay raise, he increased his 401 (k) contribution by the same amount to reach the maximum allowed investment of $ 18,000 a year.

In cases where your employer matches your contribution, try to put in enough to get the maximum employer amount.

The maximum amount that an employee can contribute, excluding employer contributions, to a SIMPLE IRA is $ 12,500 in 2016.

Because if you're investing the maximum $ 5,500 in a Roth IRA, it is impossible to invest the pretax equivalent of that amount in a traditional IRA, as you would exceed the IRA annual contribution limit.

When your portfolio gets to $ 175,000, your returns will outstrip your maximum 401 (k) contribution amount with a 10 % change obviously.

Assuming you're eligible for both, you can contribute to a traditional and a Roth IRA during the same year, as long as the total amount does not exceed the maximum allowable contribution limit of $ 5,500, or $ 6,500 if you're age 50 and over.

At Fidelity, we believe that you should consider contributing the full amount of 401 (k) elective deferral contributions required to receive the maximum employer match offered in your workplace retirement plan as your first priority, rather than leaving that money on the table.

Martha contributed the maximum amount to her 401 (k) of $ 18,000 and her employer contributed $ 3,000 (this contribution goes directly to her retirement savings).

Such promotions, advertisements, displays should disclose: (1) the actual or anticipated portion of the purchase price that will benefit the charity; (2) the duration of the campaign; and (3) any maximum or guaranteed minimum contribution amount.

Corporations are limited to giving $ 5,000 in aggregate direct contributions to all candidate, party, and political action committees in a calendar year; individuals were restricted only by the maximum amount they could give committees.

Notwithstanding the foregoing provisions, but subject to such requirements as the legislature shall impose by general or special law, indebtedness contracted by any county, city, town, village or school district and each portion thereof from time to time contracted for any object or purpose for which indebtedness may be contracted may also be financed by sinking fund bonds with a maximum maturity of fifty years, which shall be redeemed through annual contributions to sinking funds established by such county, city, town, village or school district, provided, however, that each such annual contribution shall be at least equal to the amount required, if any, to enable the sinking fund to redeem, on the date of the contribution, the same amount of such indebtedness as would have been paid and then be payable if such indebtedness had been financed entirely by the issuance of serial bonds, except, if an issue of sinking fund bonds is combined for sale with an issue of serial bonds, for the same object or purpose, then the amount of each annual sinking fund contribution shall be at least equal to the amount required, if any, to enable the sinking fund to redeem, on the date of each such annual contribution, (i) the amount which would be required to be paid annually if such indebtedness had been issued entirely as serial bonds, less (ii) the amount of indebtedness, if any, to be paid during such year on the portion of such indebtedness actually issued as serial bonds.

«In contrast, as a voluntary, defined - contribution plan, TRS» TDA Program enables you to determine the amount you will invest each year, within the maximum amount allowed by law.

Knakal, in addition to making the maximum personal contribution of $ 4,950, bundled more than $ 113,000 worth of funds from 30 other donors, 21 of which gave the maximum amount.

If you don't make the maximum annual contribution in one year, you'll miss out on the related tax deduction and will be stuck paying the full amount.

The amount transferred counts as part of that individual's maximum contribution limit for that calendar year.

For super, the maximum splittable amount for the relevant financial year can not be more than 100 % of the untaxed splittable contributions and 85 % of the taxed splittable contributions made by, for, or on behalf of the applicant in the relevant financial year.

The maximum amount you can contribute is $ 12,500 per year and if you are age 50 or over you can make an additional catch - up contribution of $ 3,000 per year, for a total contribution of $ 15,500.

Traditional IRAs allow contribution of 100 % of compensation (self - employment income for sole proprietors and partners) up to a set maximum dollar amount.

Some hospitals, they have multiple plans, so the maximum amount that you can put into a defined contribution plan is about $ 54,000.

The maximum amount of non-concessional contributions a super fund can accept in a single contribution for a member.

Some savings tools, such as Coverdell accounts (described below), have maximum annual contribution amounts per beneficiary.

The amount you receive for the tax credit is based on a percentage of your retirement contributions, with a maximum credit of $ 1,000 for unmarried filers, and $ 2,000 for married filers.

For those in the top tax bracket, the maximum RRSP contribution is currently $ 24,270, an amount that does not vary by age.

* to administer the RESP and invest its assets for the benefit of the beneficiary (ies) until the beneficiary (ies) are eligible for Educational Assistance Payments (EAPs); * to add or change a beneficiary as the trustee considers appropriate and if allowed by law; * to direct EAPs and to use refunds of contributions to assist financially with the post-secondary education of an eligible RESP beneficiary, at the times, in the amounts, and in the manner that the trustee considers appropriate; * to maximize use of CESGs when making EAPs; * to wind up the trust when all RESP assets are depleted or, if there are remaining assets, to only wind up the trust when: * the post-secondary education of the RESP beneficiary (ies) is complete; * the maximum life of the plan, as specified by law, has been reached; or * all the RESP beneficiaries have died; and:

And if your compensation or alimony income is less than the maximum contribution, the amount you can contribute is reduced.

Generally, an individual's maximum contribution limit is calculated as the lesser of 18 % of the previous year's income up to the maximum amount for the current year MINUS your Pension Adjustment for the prior year and Past Service Pension Adjustment PLUS your Pension Adjustment Reversal.

In addition, it assumes that the contribution is fixed at a currently allowed maximum amount, even though in recent years the maximum has been revised upwards to approximate inflation (granted, historical maximum contribution was fixed at $ 2,000 between 1981 and 2001).

Conservatives: Eliminate the income threshold used to assess the Canada Student Loans Program, so that students who work and earn money while studying won't be denied access to the program for that reason; reduce the expected parental contribution amount to increase loan accessibility to approximately 92,000 students across Canada; expand the number of low - and middle - income students who are eligible for the Canada Student Grant program by making these grants applicable to short - term, vocational programs; increase the maximum annual grant for low - and middle - income families from $ 3,500 to $ 4,000.

Maximum FSA contribution amounts are set by the IRS.

That way you'll get the maximum amount of compounding on your contributions, as well as the full $ 500 a year in free government money.