Sentences with phrase «one's taxable compensation for the year»

However, if your total taxable compensation for the year is less than $ 5,500, then your IRA contribution limit is equal to the amount of your taxable compensation for 2017.

100 % of your taxable compensation for the year, if your compensation was less than the maximum contribution limit.

Your contribution can not exceed your taxable compensation for the year.

The fine print on Roth IRA contribution limits is that you can't contribute more than your taxable compensation for the year.

If your taxable compensation for the year is less than the standard contribution limit, your IRA contributions for the year can not exceed your taxable compensation.

The IRS sets limits each year for contributions — right now it's $ 5,500 annually, or $ 6,500 if you're 50 or older and need to save more, or your taxable compensation for the year, if your compensation was less than this dollar limit.

For the year 2018, your IRA contributions can't exceed $ 5,500 (under age 50), $ 6,500 (over age 50) or your taxable compensation for the year, if your compensation is less than this limit.

If your taxable compensation for the year is $ 4,000, that's also your IRA contribution limit.

With a Traditional IRA, for example, the most you can contribute is $ 5,500, plus a $ 1,000 catch - up contribution or your taxable compensation for the year, whichever is less.

For 2013 and 2014, the maximum you can contribute to all of your traditional and Roth IRAs is the smaller of: $ 5,500 ($ 6,500 if you're age 50 or older), or your taxable compensation for the year.

You can contribute the maximum allowed each year as long as your taxable compensation for the year is at least that amount.

If your taxable compensation for the year is below the maximum contribution allowed, you can contribute only up to the amount that you earned.

In 2013, the maximum you could contribute as a single person or as head of a household was either $ 5,500 or your taxable compensation for the year — whichever number is smaller.

Your contribution can not exceed your taxable compensation for the year.

In 2017, for instance, your total contributions to all of your traditional and Roth individual retirement accounts can't be over $ 5,500 ($ 6,500 if you're 50 or older) or your taxable compensation for the year, assuming your compensation was under that limit.