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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 31 - Money and Finance: Treasury |
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Subtitle B - Regulations Relating to Money and Finance |
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Chapter II - Fiscal Service, Department of the Treasury |
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SubChapter A - Bureau of the Fiscal Service |
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Part 347 - Regulations Governing Retirement Savings Bonds |
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Subpart B - Treasury's Retirement Savings Program |
§ 347.12 - Annual additions to retirement savings bond.
Latest version.
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§ 347.12 Annual additions to retirement savings bond.
The amount that initially may be contributed or added to a retirement savings bond in a calendar year by the IRA custodian on behalf of any participant is limited by the applicable annual contribution limits provided under the Internal Revenue Code and regulations. The total value of a retirement savings bond that may be held by the IRA custodian in an IRA on behalf of any participant shall not exceed $15,000.
[82 FR 6246, Jan. 19, 2017]