§347.32. Annual additions to retirement savings bond.
31 C.F.R. § 347.32
The amount that initially may be contributed or added to a retirement savings bond in a calendar year by an Auto-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 an Auto-IRA custodian in an IRA on behalf of any participant shall not exceed $15,000 for each state Auto-IRA program.
Notes, amendments, and revision history
Source
Source: 82 FR 6247, Jan. 19, 2017, unless otherwise noted.
Authority
Authority: 5 U.S.C. 301; 12 U.S.C. 90; 31 U.S.C. 3105.
Source
Source: 79 FR 74024, Dec. 15, 2014, unless otherwise noted.