This measure opened the issue of what to do about slavery in border states that had not seceded or in areas that had been captured by the Union before the proclamation. In 1864, an amendment abolishing slavery passed the U.S. Senate but died in the House as Democrats rallied in the name of statesâ rights.
The IRS sets limits on after-tax contributions to your IRA. When it comes to retirement plans, a penny saved is not only a penny earned. Thanks to generous tax deductions and other government subsidies, it is also a penny invested. This holds true even when you invest after-tax money into an IRA.
Tax-Deductible Contributions. Regardless of your participation in a 401k plan, all Roth IRA contributions are after-tax contributions. The IRS annually sets income limits restricting tax deductions for traditional IRA contributions if you have a 401k. For 2011, the limits have been slightly increased.If you are single, your income must be no more than $56,000 to deduct your entire IRA contribution.ax-Deductible Contributions. Regardless of your participation in a 401k plan, all Roth IRA contributions are after-tax contributions. The IRS annually sets income limits restricting tax deductions for traditional IRA contributions if you have a 401k. For 2011, the limits have been slightly increased.