31 CFR 347.32 - Annual additions to retirement savings bond.

Regulations last checked for updates: Nov 25, 2024

Title 31 - Money and Finance: Treasury last revised: Nov 18, 2024

View all text of Subpart C [§ 347.30 - § 347.37]

§ 347.32 - 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 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.

authority: 5 U.S.C. 301; 12 U.S.C. 90; 31 U.S.C. 3105.

source: 79 FR 74024, Dec. 15, 2014, unless otherwise noted.

cite as: 31 CFR 347.32