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.
If you are age 50 or older, you can contribute an additional amount to a Roth IRA each year. This is commonly referred to as a catch-up contribution for investors nearing retirement. For 2015, the Roth IRA catch-up contribution is an additional $1,000 over the standard annual maximums. If $131,000 and up, you cannot contribute to a Roth IRA. 2  Married filing separately and you lived with your spouse at any time during the year: If MAGI is between $0 and $10,000, your contribution limit will phase out. 3  If $0, you can contribute up to the $5,500 maximum ($6,500 if over 50 years old).