§ 347.12. Annual additions to retirement savings bond.
77 words·~1 min read·
/us/cfr/t31/s§ 347.12·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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. \[82 FR 6246, Jan. 19, 2017\]