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.
Roth IRA phase out. Like the Traditional IRA, the IRS has phase out rules for Roth IRA contributions. Tax filers will be able to contribute the maximum amount to their IRA if they donât exceed certain income limits. 1  Single, Head of Household, or Married Filing Separately can contribute the maximum if their MAGI is $116,000 or less.