Sentences with phrase «maximum contribution rules»

Not exact matches

2 Although the rules may vary slightly by state, generally, a 529 account owned by a parent for a dependent student is reported on the federal financial - aid application (FAFSA) as a parental asset and is assessed at a (maximum) 5.6 % rate in determining the student's expected family contribution.

The ability to contribute to an IRA or 529 college savings plan account is subject to IRS rules and specific program policies, including those on eligibility and annual and maximum contribution limits.

After de Blasio won the election, Zepeda on Dec. 10, 2013 donated another $ 4,500 to his mayoral transition committee — the maximum contribution allowed under city rules to a transition team.

If you earn somewhere between $ 183,001 and $ 193,000, then your maximum contribution limit phases out to zero based on the IRS phase out rules.

The rules can be complex and are income - dependent, so be sure you know what your personal maximum Roth contribution will be, and factor that into your personal SEP vs. Roth decision making.