This fact sheet provides the information for fiscal. years 1989 through 1993 and, where possible, fiscal year 1994. Results in Brief Although exact payment figures were not readily available, at least. $87.4 million was paid by federal agencies and the Judgment Fund to.
The Traditional and Roth IRA contribution limits are $5,500 for those under age 50. Persons age 50 and over can make additional catch up contributions of $1,000, for a total contribution limit of $6,500.
Contribution Limits. The contribution limits for the Roth and traditional IRAs are the same. For tax year 2013, for example, you could contribute up to $5,500 to your IRA, plus an additional $1,000 catch-up contribution if you reached age 50 or older by the end of the tax year.Deductibility.f you want to be able to contribute to your IRA for as long as you like, you need to consider the age limits placed on IRA contributions. You may not make a participant contribution to a traditional IRA for the year you reach age 70.5 and after. For Roth IRAs, there is no age limit.