Update: The general rule of thumb is that an individual is not eligible to receive Social Security disability benefits (SSDI or SSI) during incarceration. It does not matter if the conviction is for a misdemeanor or a felony. However, when benefits stop differs depending on whether you are receiving SSDI or SSI. As a result, individuals may receive Social Security benefits for a short time after incarceration. Click here for more information.
The 2015 IRA contribution limits will look just like it did for 2014. Both the traditional and Roth IRA will have the same contribution limit, which will max out at $5,500. If you are 50 years or older, there is a $1,000 catch up contribution.
Tax filers will be able to contribute the maximum amount to their IRA if they donât exceed certain income limits. 1  Single or Head of Household can contribute the maximum if their MAGI is $118,000 or less. 2  Married Filing Jointly can make maximum Roth IRA contributions for an income of $186,000 or less.