The Health Care Reimbursement Account maximum is $5,000. The Dependent Care Reimbursement Account maximum is $5,000 per family, per plan year. ($2,500 if married filing separate Federal Income Tax returns.)

In accordance with the Arizona enabling legislation, the balance in all state tuition programs as defined in ?529 of the Code may not exceed the lesser of: a) 7 times the average one year's undergraduate tuition, fees, room and board at the ten independent 4 year eligible educational institutions as measured and last published by the College Board Independent 500 College Index that have the largest total direct charges.

The IRS currently does not require that states count your investment in other state 529 plans when applying their own contribution limits. And there are no "contribution police" out there looking for people who are intent on using multiple states to stuff hundreds of thousands of dollars into 529 plans as a kind of tax shelter.

The maximum amount you can contribute into your HSA is IRS contribution limit ($2,850 for single coverage and $5,650 for family coverage in 2007), whichever is lower. You might also be allowed to make a catch up contribution up to $800 if you are over age 55. The SHPS HSA contribution calculator can help you determine how much to contribute.

There is no annual limit on the amount you may contribute. However, there is an overall maximum account balance limit of $235,000 which applies to all accounts opened for a beneficiary (including amounts deposited in the Michigan Education Trust program, a prepaid tuition program established by the State of Michigan).

For 2004: A: Employees under 50 can contribute up to 100% of their earnings (not to exceed $13,000) as an employee contribution to their Solo 401k plan. (Employees who are older than 50 (or who turn 50 in 2004) can contribute up to 100% of their earnings not to exceed $16,000) as an employee contribution to their 401k plan. For 2005: A: Employees under 50 can contribute up to 100% of their earnings (not to exceed $14,000) as an employee contribution to their Solo 401k plan.

Incorporated employers can contribute up to 25% of their W-2 earnings as an employer contribution to their 401k plan. You may not make an employer contribution or employer profit sharing or employer matching contribution to a ROTH 401k account. Unincorporated employers can contribute up to 20% of their self-employment income* as an employer contribution to their 401k plan (in addition to the allowable employee contributions (see above).

Annual contributions are limited to the lesser of the amounts shown below or 100% of includible compensation. During the three consecutive years prior to attaining Normal Retirement Age under a special catch-up provision.

For an IRA, the maximum annual contribution as set by the IRS for 2007 is $4,000 ($5,000 for those 50 and older). For the tax years 2008 through 2010, the maximum annual contribution is $5,000 ($6,000 for those 50 and older). There is no maximum contribution limit on an Investment Account.

The government sets the standards as to how much money can be contributed into a 403(b). The maximum amount any individual under the age of 50 can contribute is $14,000 for the 2005 calendar year. Any individual age 50 or older may contribute up to $18,000 for the 2005 calendar year.

For most people, the 2007 maximum annual contribution allowed in the RA and SRA combined is $15,500 for those under age 50 and $20,500 for those age 50 and older. Under certain circumstances a greater amount may be tax-deferred.

The contribution limit for 2007 is $15,500 for employees under age 50 and $20,500 for those over age 50 unless the employee is eligible for any "catch up" provisions. Employees may contribute up to the limits in both a tax sheltered annuity (403b) account and a deferred compensation (457) account. Employees should discuss eligibility and contribution options with their annuity company representative.

The maximum for pre-tax or "Salary Savings" contributions under IRC Section 401(k) limitations is the lesser of $15,000 for the year 2006 (plus $5,000 "catch-up" contribution for 2006 calendar year). Other limitations on contributions, such as total contribution (combined employee and employer) or testing requirements, may reduce that maximum for a specific employee, plan, or plan year.

Employer contributions are limited by the total participating compensation and testing requirements for the employee and Plan levels. Generally, the total contribution for an individual employee would be limited to the lesser of 25% of recognized compensation or $44,000 for the year 2006. On the Plan level, the total employer contributions is limited to 25% of total participating compensation.

The maximum contribution for the Dependent Care Reimbursement Account is determined by the following IRS rules. If you are married, both you and your spouse are employed and you file a joint income tax return, or if you are a single parent, the maximum you can contribute is the least of your earned income, your spouse's earned income, or $5,000. If a spouse also participates in a Dependent Care Assistance Account, the maximum is $5,000 combined for both accounts.

The IRS imposes a penalty on excess contributions, but allows, under certain circumstances, for corrective distributions to be made. Additionally, you may be required to pay tax on the interest earned on those excess funds.

Answer: On filing 2005 Tax Return, you must have received Notice of Assessment from Canada Revenue Agency. Your 2006 RRSP limit is shown on it. At the same time, you will have to consider 'undeducted amount' on the same Notice as well as your obligation under Home Buyers'/Life-long Learning Plan(s). If you require any assistance in this connection, please visit any Softron Location.