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(Other IRAs, such as traditional and Roth, permit contributions until April 15 in the year following earnings, and SEP-IRA contributions, which may be made by company tax deadlines plus extensions).
For residents of states that permit contributions to be deducted on state income tax returns, having older children presents a special opportunity to lock in a guaranteed, short-term return.
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Since most 401(k) plans now permit contribution rates of up to 80% (or higher), don't be afraid to contribute a large portion (20%, 30% or more) of your bonus check to your 401(k) plan account.
New York's present law permits contributions as strikingly high as $50,000; the Governor calls for a $1,000 ceiling.
The law also permits contributions by employers or employees, but not both -- a bizarre requirement when most benefit plans involve sharing the cost between employers and workers.
The finance disclosures came three weeks after this year's legislative session ended without action on proposals to overhaul the state's often-criticized campaign finance system, which permits contributions significantly larger than those allowed in many other states and New York City.
To address what the commission said were free-speech concerns, one provision in the rule permits contributions of up to $350 an election if the contributor is entitled to vote for the candidate at issue, or up to $150 if not.
The IRS permits contributions this late on earnings from the previous summer.
Second, reading §113(f)(1) to authorize contribution actions at any time, regardless of the existence of a §106 or §107(a) civil action, would render entirely superfluous the sections explicit during or following condition, as well as §113(f)(3)(B), which permits contribution actions after settlement.
Permitting contribution based on relative fault of third parties.
News organizations usually permit charitable contributions by their employees but frown on any association with causes or organizations that their journalists might cover.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com