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.
Because of the great tax advantages, the IRS places maximum contribution limits on IRAs. These caps are set by Congress, and can change from time to time. The IRS recently announced the 2016 Traditional and Roth IRA contribution limits. There is no change to the contribution limits from 2015.